And while doing so, maybe you will even learn to trade....
TRADING IS NOT ABOUT MAKING OR LOSING MONEY BUT ABOUT DOING THE RIGHT THING. DO THAT AND THE MONEY WILL FOLLOW
Any thoughts about the "3 Push Pattern" ?....each successive higher high lead to a lower lower on the 3/10 momentum oscillator.Thanks,Bill Orsini
I don't know what you mean by the "3 Push Pattern" Bill. Perhaps you could explain? Thanks!Yes on the lower low on the MACD. But I am betting on the price-volume taking precedence in the short term. I wouldn't take it for a longer term swing due to the negative divergence.
My thoughts are listed on the chart. Thanks again!http://www.screencast.com/users/fors55/folders/Jing/media/d0c80723-3fba-46e3-aa9d-a142951d2cd4
Thanks Bill! You are totally right on the divergence with the MACD part. That is usually an indicator of lower prices. But another thing to consider is the high volume yesterday. That makes me like the odds of a short term run IF it manages to cross 37 first, which is the resistance level. I would play this is as a momentum trade rather than a swing trade and that is why it is important to wait to see if 37 is broken before making an entry.Thanks for the comment and the chart! Always nice to get some discussion going!
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