Steve, in the TA land, intraday means little compare to actual close. But to answer your question, if they retrace back to half their high's reached today, I presume everyone will still have a white candle to show. And on the BB chart, the tick is still pointing up towards the upper BB. Therefore, the bias is positive heading into next week. But as one can imagine in the current turbulent environment, things change direction in a heart beat. Therefore, all I'm willing to bet now is one long driller with great caution. If it makes some money, I am not afraid to protect the gain by setting stops. If they lose ground, I am also prepare to stop losses quick. Did buy SDC at 16 3/8. Once a trend such as upper BB surfing becomes established, that's when I will overweight.
Pete - not sure about your option question. if the bid is 2 7/8 and ask is 3 1/8 and you place a limit to buy at 3, you may not get filled if the option is thinly traded or illiquid. |
