Koan,
re: GI. Yea, it really cheesed me off that I did not have an order in under $1.30 today. I do now. Barring news, I think I'll get a crack at it at the $1.30 level in the next few days. Goin' now to my order entry screen...
look at the volume and number of trades over the last six weeks
Yea, I hear ya, but that for me just makes the signals more reliable, not necessarily more bullish.
but the reason I don't trade it is because I am afraid of a gap up in the morning
Based on JDX I've promised myself to stop worrying about gaps. I'm learning what we have all read, and that is that they usually get filled. They do give a nice target for entry, although I've gotten scrawed lately fretting over that last nickel down to the gap. I'll get it less wrong eventually methinks.
IMO we're both right. You're obviously doing well with your approach and your comments are right in the context of position trading. I've accepted a new client so I'll be tied up with software development for a few weeks. Then I'm off to Florida (swore I'd never go to that swamp) for business, golf, and sittin' by the shore, if I can find one that's got no other humans on it. GI is probably one of the ones I'll hold while I'm gone, because I sure as hell am not going to be checking the markets. (Got those options if the bubble bursts. --gg--).
Cheers. --Allan |
