You are holding a (already in the red) short position until 9/7 - regardless of what happens? And, you are shorting a stock that has only been out three days? Hmmmm...
sorry for the misunderstanding, i am not going to to reveal the offshore betting house that is accepting bets on google. --it is similar to www.tradesports.com . this is what i meant by "bucket shop" surfer
only the down TL is drawn incorrectly IMHO! It should be drawn through August 2nd. Thus.... if you did it that way.... one could now interpret the chart as "we are looking for a re-test of a break of a two-point TL on Dow at or near 1025 before continuing a move higher... or not"! Wonder how Crawford would draw it ? Which brings up another interesting point which is more subject to more incorrect/overly-subjective-biased interpretation and over-generalization... astrology or TA? I actually took a year-long course on astrology a few years ago. Thought it might assist in trading. (regards m/surfer) Ice
curious.... and this is meant in all seriousness.... not trying to give you a hard time.... why did you not draw the TL to connect 8/2/04?!!! Ice
who mentioned a year-long "TA" course... do recall mentioning an "astrology" course"! Hope you chart bettter than you read bro? Rather sloppy habits... non?!!! :eek: later, I
hi ice, thanks for the post. yeah, subjectivity is primary in TA on the hard right edge. andrew lo of MIT has interesting studies published trying to quantify TA. this is why i believe, trade what you think, not what you see. best, surfer