re: 5/25 higher H post A higher H today and another should come shortly. Justin Mamis once said (maybe even more than once) that today's technicals are frequently tomorrow's fundamentals. lj
This trade is not working for me. I am trying to decide whether to bail or not. Thankfully, I haven't lost much % wise. I knew it was a "gamble" trade going in (cheap pun).
My guess is that in the AM, the fast $ boys will quickly take out today's high and then who knows. The fact that MGM traded countertrend today suggests that if the "general market" decides to go up tomorrow it will follow. The last few days appear to have been an accumulation, with downside volume tests drying up prior to today's breakout. lj