Just like on GPN, and CEPH, we broke below the fork line support, took a 1,960 loss on X. In fact the whole steel/ mining sector is in free fall.
Actually made a small measly profit on VLO, that might as well be break-even. Wasnt paying attention at could have cashed out at my target for 1,485, but never did...why, im not sure.
Here is analysis on amzn on the monthly. Prices made new highs but I don't feel right buying up here. If amzn is forced to pay sales tax like a few states are trying to force into law, this could push amzn down a good bit. If your wondering why the fork seems to be "floating" out in space, as I mentioned before its a special type of fork ..see this link http://www.forexfactory.com/showthread.php?t=76597&page=2 on post #20 We can see here that there were several places price hit s/r which is good to see because it means these lines arnt useless..they have value now. I'll try and find some other forks on the chart if I can.
Went long some MW here at 22.70 with a 7.72 pt trailing stop from 15. Weekly looked a bit weak, but the daily didnt look all that bad. We have several support zones to break before my stops are hit.