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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (22084)9/27/2000 10:13:24 AM
From: AllansAlias  Read Replies (1) of 436258
 
Have no gold. Sigh...

Nice Bud trade there on another wave down. Bulls do not look energized to me just yet. -g I love softie. These things can turn quickly as we all know, but I still thinking we could get serious down here before we turn, bwthdik?

(For TA types and chart chasers only: Look at, say, a 5min chart. See the overhead downtrend line from the swing high of Monday down thru the high this morning. The second wave up just now got to exactly this line and failed. I faded this up move and my target down was based on simply using a parallel line to this downtrend line that I pegged to the low today -- in other words, I was looking at a tradeable flag/channel before it really developed. A break below this formation and I will be short in a heartbeat. Chances are we do another up wave. Sometimes it works.

BTW, the most impt thing for me is to be watching the wider timeframe charts to be sure that this movement in the teeny timeframe chart is not just some noise. The wider ones count more imo.)
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