Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 681.89

+0.3%

Oct 31 4:00 PM EDT

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To: Johnny Canuck who wrote (67338)	10/29/2025 12:38:32 PM
From: Johnny Canuck	of 67440

GSIT did not have a follow through day after the Cramer mention pop. It broke VWAP on the following day shaking out a lot of day traders. If you enter around 10.50 and are running a stop at break even, you are still in but now it will consolidate in a range till there is more news. They essentially need someone to license their technology to validate it. A pop to 15 and 18 is possible at that point, By my rules you would have taken some off the table as a pop of 20 percent or more is rare for any stock and usually not sustainable. Though in the current market environment the fear of missing the next rally is overriding caution. It is more reason to take partial profits and letting some ride. Once you are break even you get to trade on house money. In this environment preserving you original capital is critical. >>>>>>>>>>>>>

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