Just a study. I wonder if we are starting to see weakness or if the poor breadth will only fuel a large rally like the previous time.
Based on the last comment why would you play it tight...based on your own analysis you are showing a setup that has been highly profitable...I would not agree with a profit objective of 2011 in 3 weeks however..perhaps 2004. Also with a winning trade and a great setup, why didn't you just put your stop in at your entry point....and let the trade run using trailing stops......If this sell off has another leg down.....this "bounce" needs to be rejected Monday....if not more buying is coming in and your chasing the trade
Sounds good ..I'll keep my long position that was put on at 192.70 and trail my stops up, waiting to get stopped out .....it might happen tomorrow or 30 days from now.....not trying to be confrontational.....but anyone who gotten long at the low had an excellent trade entry point and was quickly playing with the houses money....and your own analysis shows what has happened each of the prior times these lows were established...any way have a nice night