I could only trade for a few hours in the PM, but I found an interesting round top (bearish) against the downtrend line (marked in light blue). Since the previous attempt to close above that line around noon failed, I decided to jump in on the second one. My stop loss was the top of the round top. My first target was S1 and I thought the market would keep falling, but buyers stepped in and took AMZN to the $70.50 area, which is an important PP in the daily. It will be interesting to see what happens with this one tomorrow.
Thursday, July 10, 2008
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1 comment:
Anarco,
DOW a gimme trade take over of ROH at a huge premium.: patience 1/5/15/30 charts.
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