Anbat

Is Major Trend in-between 30 to 45 degrees?

NYSE:RES   RPC INC
On 1 hr and higher charts you can tell if TREND is to fast (over 45 degrees) or to slow (less then 30 degrees) or just right to continue in major direction. These also play great Support and Resistance areas on any trends and gives you a heads up on change of trend too. I would wait to short this stock (if traded) until 50 % retracement on Fib. Ret on chart, which is around $22.30. Also you could write put options underneath price action, at say $16.00 if you don't mind owning this stock at $16 x 100 = $1,600 (when you do options, you need to always buy options in LOTS of 100). Enjoy trading it is organized kayos.
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