PB not yet over, IMO. Waiting to see if we can get 50 or even 40. But, I won't be shorting it from here as I would think it's only a PB.
If I'm long, and three five minute bars in a row print the same high, I close the trade for as close to breakeven as I can and I wait for the next opportunity. Long at 62 and out at 62. I'll wait for stocks to open before trying again.
This is correct . I Use this analogy . If a nuke goes off and we start crashing would you trade the mkt long ? 100% of the answers are no. That the wrong answer . The 10 million scalpers out there don’t care if the world ends in a month . All they care about is at that exact place and time can i buy this and make some quick money . Same theory at a company looking or maybe filing bankruptcy . Hertz and American Airlines come to mind . Even though they might file Bk when the stock falls 90-95% fast it 100% always bounces 100-300% plus .
LFG, bulls! I'm moving my stop to B/E at 62 as it's uncertain to me if we'll see a deeper pullback first. Best if we don't. Looking for a re-entry long if stopped either in the same area or a bit lower. Anyone feeling greedy today? I feel I should be happy with 75. I may be wrong and we can rip above last week's high. Seems less likely, though.