considering just buying 43.50 with a 4 point stop, and being done with it.. if it goes south of 40, longs are very toast IMO
I think she needs one more drop ... that lone concentration of volume is probably not enough... maybe a point lower, then a move up, if the scenario plays out. Buy limit 43, stop 40 EDIT: nah, cancel this.. this is what I THINK, I need to be trading what I see.
A lot of sellers waiting at 49, but did they just get trapped? I suppose we'll know soon. I just joined them, short 49, stop 51