Gap at 866 4:00 close is almost gone Thought I saw 10+ pt down last night ... amazing. RTH PP 71.5 S1 857.25 S2 846.25 If buying the dip actions continue this morning I am not sure if I want to play the bounce at all.
1000 still in play , but it did not happen within 2 weeks of 11/25/08 and has not happened yet. I keep my buy stop at 1075 for now.
Metastock switched to Sell yesterday (longer term signal). The previous Long signal was good for about 40+ points.... The MACD also looks like going to cross over on the daily... Today we have the 3rd downgap in 5 trading days...
It did act as a safety valve (although we took a dip overnight) but we are back and above the 868 level...
false breakout on the weekly, trapped alot of hopeful longs. I was trapped short, the drawdown was painful.