Hi Lost,
<<But Dave..the NYSEBP is in Xs at midfield.>>
I have not been particularly inspired by the NYSEBP lately, as I have posted on two other occasions. To me, it is in somewhat of a trading range of its own, and looks to me to be at the top of that range, we will see if it reverses down this week. Clearly, if one MUST buy, NYSE is the place to buy. I don't have to buy, and the climate here does not seem right to buy, so I am not investing at this point. Trading, not investing.
FNM which I posted had a textbook P&F chart for a short sale in my novice opinion. At 62 7/8, where I suggested entry, it was right up at the BRL, in a column of Os, with RS in Os. I did not ride the short, so my strategy was better than my execution.
Anyways, that was my reasoning.
David |
