|
while I did, and do, still like it, constructive action, it must still get over 200 DMA, around 14., to break out....if and when, then projects to the 16 1/2 area as resistance....a similar move to that which I also gave out in my NL, Jan. 98, remember ? when/if over 16 1/2, if on volume, then after a pullback, then maybe towards 20 ? but likely NOT a "home run" trade"...but taking one step at a time.... "PSYCLE sm" traders have NO emotions, nor needs to fulfill...so, if the patterns aborts, down the road, we get out...most other people do not, which explains the track record, but I digress....most people "need excitement/stories", we just want to make money with low risk, high probability, as I teach, with stops when wrong, etc., till next time, best wishes, |
