there are some that view today as a resumption of the bear market
and some like Goldman that view today as a pullback or chance to buy at a discount
of the new bull market Since March we have generally been in GS camp
We think we might have been there even b4 they were but we are now of like minds
now we did get a little over extended and this was due to me a last chance to get on board the Steel train before it cranks back north if only Rimm could have somehow gotten back to the 60's
back to the black stuff
we and almost every technician on the planet knew about the 65 support line
at first glance at 5 am I thought we were going to get a real bargain but I then realized we were baked onto the cake at -190 and 65 was to be a self-fulfilling prophecy and buying near that support would be the correct call we believe unless it comes down at speed we will be able to defend that line once or twice more. 69 conversely which is likely to be the next spot
the place to sell just under resistance counter-trend trading is the move with huge technical lines in the sand we will post if the scene `changes but we never took our buy near the 65 support line
off the table.
and drop an email chrgr06@yahoo.com to schedule
Posts
