GREY:CQXFF - Post by User
Comment by
Herviovon Jun 20, 2012 10:38pm
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Post# 20037381
RE: RE: RE: Highest Volume Since March Today
RE: RE: RE: Highest Volume Since March Today Beware of the early 30s. I have been in and out several times too, but I remember the break down of the volumes on this one. The prices usually peak right before or after 30 and this is usually when I sell. This is also right under the level at which many bought back then during the frenzy. I suspect that, if the news is not enthousiasming enough, this is the level at which the wave up might start to slow down. Something around 34 or 35 might be a good point to drop some of your load and wait for a bearish reaction all the way back toward 30.
It is not because one's assessment is right and bullish that the market will behave uniformously in such way. Therefore, maximazing your ride up by doing a double ride might be a good choice. Just saying.