I saw a similar pattern on my chart, I am just glad I didn't take the bait, saved by the FED.
markethunter888
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@ScotianBot, haha yes didnt play out as expected. I actually didn't even take the trade but just posted as its quite a popular stock.
ScotianBot
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@r3anand, they need to make a new T.V show called saved by the FED, starring short-sellers who get roasted by the FED saving bankrupt companies, lmao.
JimJJ
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Oh boy, another bear going to the poor house
markethunter888
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@JimJJ, i actually didnt take the trade so not too concerned ! was just sharing the idea as its retail favorite ... LOL but I still wouldn't be a buyer at these levels. I'm waiting for 9-10 level in the next crash
JimJJ
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@r3anand, put your money where your mouth is bud.
BaconWizard
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I know that to begin understanding how to analyze graphs is to listen to people who do it often. I envy your ability to analyze a stock graph; I have a long way to go.
markethunter888
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@BaconWizard, thanks man ! But the most important thing I learned over the years is to accept being wrong ! Technical analysis isn't a 100% guarantee
BaconWizard
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@r3anand, I totally agree to accept being wrong; as long as we are able receive insight to what went wrong in our analysis.
I saw a similar pattern on my chart, I am just glad I didn't take the bait, saved by the FED.