Tdayboys all became turkeys, hiding for fear of being eaten? Went from great day green to horrible day red. I got tunnel-visioned and selective in what I was watching for. Just realized I have more problems letting go earlier profit than a net loss position. Currently long-biased, but I did fit in a couple shorts.
Brianharvey doesn't seem to post anymore. I only post occasionally, and can tell you that im long from 1181 (losing a few points at the mo) Ill add again but, like I say, i dont really post here much. I hoping airwaves hasn't stopped posting. I actually think its quite impressive that he seems to be able to 'dodge' most of the bad days! Why wasn't he buying earlier with me? He generally posts longs everyday but hasn't posted a trade in a few days (as we've been going down) He seems to generally know when its gonna be a bad day to go long. I think he knows more than he lets on!
I think that today go long is very risky. I can not imagine anybody shorter term trader (even swing) willing stay long this night, therefore many can dump positions at the EOD. There will be enough time go long on some recovery signal. I stilll think upside is limited today.
on a double distribution day(2 nips) we can either go back and fill the cleavage or have a range extension to exhaust the sellers, large volume bar on the low from 10-11am cst showed support and has held so either accumulation ,or hold up (buy1 sell2) to sell more ,extension to downside could be 67-69 area, ,ledge at 71
Too close to gap fill below in mid-60s. Long should wait for the fill first, or, a breakout above VWAP.