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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (87868)3/30/2001 9:47:05 AM
From: AllansAlias  Read Replies (1) of 436258
 
SOX drainage is forcing a trendline breakout failure. It's a pretty good short line going back to Mar 27, tested a few times. We opened up over it and now are falling back through it. Not good. Dunno if it'll really crack and I am thinking my crappy fill will get whipped as it fights this line.

Yup, am only a few points from getting oosik'd as it's snapping back.

I should have been better prepared for that trade. Poorly executed. Should have seen the strong trendline would probably produce the snapback. I was already prepared for the SOX move to be a headfake down, per previous post, and really should have seen the NASDAQ TL as the catalyst to pull smelly back into the coil. Am hoping now it's no headfake...
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