Support and Resistance Trading Forum

Re: Homework 12-18-05
By:Todd G.
Date: 12/22/2005, 5:28 am
In Response To: Re: Homework 12-18-05 (Erich (vendor, CTA))

I'm gonna say that prices were below the 20 day moving average so you would look to sell the market instead of buying it. You could sell it on a break of 73.50...say 73.47 with a stop loss in at 73.71 and a profit target at 72.55 in hopes of prices making a rounded top formation.

Happy Holidays All

Todd G.

Responses To This Message

Re: Homework 12-18-05 *PIC*
Dino Dave -- 12/22/2005, 8:00 am
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