RE:11.36rochester3 wrote: see i cant by right now were still over bought so its pretty risky but this is good we can break 11.66 closer to 12
Where do you see overbought on the daily or weekly chart ?
Those of us who do not have time in the day such as myself i prefer if i can find a floor to work from and build a core from there. Jim Sinclair gave a formula for trading that works something this . Sell 33% on a rhino horn and buy 33% on a fish line . To be fair he was talking weekly prices in gold but you can get the point . Out of 100% there is a core of 66% but when the time is right sell or buy 33% of the 100% .
ps Wish i had of sold some today but i just got back in and spent the better part of a day setting things up. Plus i'm just not very good at calling the highs judging that i did cash out at around $10.60
last time leaving me on the sidelines . :)