MURICO.com Forum

Re: snagged a pair @ 68.90----
In Response To: That "Gap" open got - - - ()

I am very uncomfortable with the lack of follow through. That tells me the first 60 minutes failed to scare many longs out. That may come the 2nd 60 min since momentum is starting to shift lower but does not have much of a following yet. I don't get a 60 min sell signal until it breaks below 68.07. It currently looks like my 68.40 deposit target may be too low. I have to assume I'm playing with a pair of suckers so I've bumped my deposit orders up to 68.75. Damage control @ 69.45 may get hit first. I would much prefer to have a pair of longs on the lines, since I can make a strong case for 71.00 needing to happen. I may get my chance, threw a pair of lines out @ 69.55 with my damage control getting close to happening.

Messages In This Thread

The final Purchase Index will be late - - -
Re: The fishing pond is in place----
After the long weekend, the market - - -
That "Gap" open got - - -
Re: snagged a pair @ 68.90----