Rich: AOL is by itself. Technically, it is very good for short. It could pause for a 1/8 or 1/4 up day, which I was hoping today in the morning. It already went thru a lot of necessary paths, such as breaking the steep uptrend support, back to it as a resistance etc..
In the short term u knew this dog wasn't going anywhere. From the low volume on its way up, u knew its day was near, but u did not know how deep a pocket those who were buying at 60s had, and thus u wait. A few days that followed, it got nowhere, absolutely boring, as Barry put it. I have been short since 59-60, a little too early as it went to 62, and then put as it tested 60- again. I said I was going to be brave because I did not know exactly how those idiots were going to do it. But u can only push a joke for so far. I agree that nothing will fall freely, there will always be suckers catching falling knives, I have been suckers on others too, nothing personal. Therefore, AOL will zigzag a little. The RSI today could be very low now, but it could pause for a few days and the RSI will get to above 30% soon, then it will feel "no quam" to dive again. It is true that AOL seldom fell for 4 consecutive days, and if u tried to time it, u get punished. U have to catch the general trend and go with the flow. That 'd fare better.
This dog is a dead meat. |
