Thanks for the tip! Probably should not have tried twice shorting that play. After that first play failed, I should have realized there was short covering going on. Besides the move up was so strong with so much vol, it was like trying to stop a train going full speed. You had the div. there as well, or was there only one on my chart?
Yes I saw it, but the delta was very postive showing solid buying conviction within the order flow.......steamroller territory on that action.
I guess I started dancing to soon. Lets see if we can get that breakdown in the next couple of days....otherwise, still possible continuation of uptrend and breakout of 950.
Hey AMT, when price first retraced back up to 27,5, after beeing down at 23. - Would you have taken that short from pivot 27,25, when price failed to go back up to 27,5 and CD readings beeing really bearish? http://www.sierrachart.com/userimages/upload_2/1244062933_30_UploadImage.png
That entry would be trend following but also knowing you are selling only about 3/4 points above what was tested support for the day at that point. You could sell it, but be ready to bail if the 23's hold again. Selling the 32's area as trend following on the way down was a good signal today......that area had a couple of opportunities.
Yeah thats a good point! Thanks for answering all of my questions tonight, I really appriciate it Nice trading lately btw, as ALLWAYS!!
Hey, today was a very good day.......27's got wacked (near term support now down a bit lower from today's action) and the bears have fresh earned liquidity.....it is still their bus to drive at this point. .....so keep dancin!!!