Symmetry and the 618 along with a daily uptrend line just below those offer support for this idea. My dowsing method suggest a decent pop today, however I wouldn't overstay because I think the market may have some volatility Thursday or Friday. I'm targeting around $75.60
Comment:
wow, market weakness already coming in so this is void.
Comment:
D'oh, WYNN was right afterall... Held that symmetry and has good enough relative strength. Was down almost 3% and is now positive. I would be out on Friday cuz I have some event or news or something for WYNN on Monday.
Comment:
First, the HOD on 7/8 was $74.56. My target was off by almost exactly $1. I hate when that happens. I need to get more accurate there. If it's a big move/expensive stock it doesn't matter much, but $1 is too much in this case.
Also, I was early. Markets never make things too ez, but I've learned breaking a symmetry intraday is not as important as CLOSING under it. A recovery is fair game to stay long, but that's not for everyone. Especially down that much (~6.5%).
Ok, so news event came through, but it was GOOD! Lordy. I did have a note in my calendar with "Low in Wynn?" from 7/6. It was up 12% on the 13th. I stopped following it for now.
Also, I was early. Markets never make things too ez, but I've learned breaking a symmetry intraday is not as important as CLOSING under it. A recovery is fair game to stay long, but that's not for everyone. Especially down that much (~6.5%).
Ok, so news event came through, but it was GOOD! Lordy. I did have a note in my calendar with "Low in Wynn?" from 7/6. It was up 12% on the 13th. I stopped following it for now.