NYSE:IVAN.WS - Post by User
Post by
greenpastureon Dec 12, 2003 2:24pm
320 Views
Post# 6774877
This reminds me of
This reminds me of Oct 28.....
Gap up on volume
Three more days of lower highs and lows on low volume and fills the gap.
A high close on the 3rd day and the next 3 we get almost 100%.
Is this the same here?
THEN the Sept / Oct uptrend was in place and Oct support held.
There was excitement in the family (IE & IVN)
Value meant little... It was buy, buy, buy...
NOW
The Nov 5 /Nov 18 down trend is still firmly in place. (Top at about 6.00 today)
We got the gap up on volume and so far a lower high and low on the second day and the open gap still not filled.
Now trading back below the Open with the sell volume higher that Oct29/31...
I am still suspicous dispite this index talk until it firmily crosses that down trend with volume and big trade support. My bet is we will close closer to the low that the high today. The selling at the open and not beating yesterday's high gave the first clue.
Meanwhile I will play it tight . Don't mind saying I am sitting at the top of dec 10 but ready to change that if the bell sounds
5.74
I am always careful with stop buys and sells on these since the big houses see all this and sell and buy to where these are. No option playing on this so hard to protect yourself.. Is it gambling? You bet but selling on big ups and buying on hugh downs beats the house.
IMO
GP