DrStool Posted October 7, 2020 Report Share Posted October 7, 2020 After a news noise event like yesterday's I wouldn't read much into the chart until the reverberations settle down. Here's the hourly. It shows that at 5:20 AM in NY, the rebound reached resistance at 3378. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 The 2 hour bars again give an interesting perspective. Note the sawtooth sharp breaks every 3 days over the past week or so. After each, the cycles make a low and start higher. We're in that moving higher phase now. The market appears to have been building a saucer base over the past month. It needs to clear 3424 for a breakout. In the short run, if they clear 3378, then I suspect the target would be 3400 pretty quickly. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Another day, another reverse gap open. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 I bought the open when buy setup triggers were hit on 3 trades. Also one short not done, but trigger on. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 The short triggered. I got rid of it for a small loss. 3 longs are ok. 1 small loss. 1 small gain. 1 nice gain. Sell triggers in place. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Reshorted that one stock. I'm stubborn. One of the longs got sold. Nice profit. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Now $ 2/1 long/short Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Now 1/1 Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Another long sell triggered . Now 2/1 short. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Probably wrong. But I have to start giving back my profits. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Now 3/1 short. I have but one life to give for my country. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Bear Country. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 2/1 There's one giveback. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 2,3. Link to comment Share on other sites More sharing options...
DrStool Posted October 7, 2020 Author Report Share Posted October 7, 2020 Still have one short. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.