Chris, I entered a bit high on AMES,(just above 18.00) but we have major support at 17.50.....We may dip intra-day tomorrow below 17.50, in a shakeout attempt, but by the end of the day, I believe the support line at 17.50 will hold.....My initial target remains 21.55....Sometimes as a trader we have to have steal nerves, but as long as a stock does not violate our pre-determined support areas, we must bat down the hatches and prepare for combat...
Recently RADAF did the same type of story....Breakout point was 15.00....Stock closed breakout day at 15.50....The next day, the day traders took it back to support...I bought at 15.31.....Where is the stock today.....
Boy this story repeats itself a lot....Take a look at SYMC....You have
a breakout in a flag pattern....Today the flag heads downward, a good sign....Support at 25.00....If we hold above 25 at the close tomorrow, all should be fine....
My mistake today was in ACLY....I am not going to tell grandma yet about this new killer indicator....She would not want to see me like this with blood all over me.....
Regards, Mark
P.S. Can't answer any posts tonight, have to get back to work....
These games will be played, we just have to know what the opposition is up too...... |
