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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST
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Biotech Jim
To: Justinfo who wrote (2014)12/3/2013 3:51:47 PM
From: wolfgangrene1 Recommendation  Read Replies (1) of 2274
 
Justin,
cool. Who says you can't catch a falling knife. LOL.
You can actually see almost precisely when to throw your dice.
They don't all work, but most do on these high volume etf's.
Now a little inverse H&S has formed and the target of that inv H&S is about 180.54.
So if you were trading options, you have choices as to where to take profits. the 34ema, any gap to fill a 38.2% fib bounce. You can layer out some. If you get a 200% profit, you can sell half and let the rest just run.
But the big thing is you can find a bottom as that bottom is happening. This is the only technique I know of which works for this.
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