Overnight wedge failed. THis one too?
Damn..if I didn't have enough fish crackers and cuba libres to keep me awake, I would zzzzzzzzzzz. Still short..avg. 84
epic battle...if we break 86.50 (my stop) shorts are toast and we go much higher. target on short is 79. may lighten up a little on the way (either way) :)
we are in a big downtrend now, so that plays a factor too...just have to pay attention..i have sucked tonight as i keep gettin out just before a big move....i always exit at SR levels....i will hold my short now until we make new lows.
I'm no wizard, but usually you have to take out stops and make a higher high or lower low to get the steam to take out the other side of the range.
The bulls may have puked here as their solid effort was for naught.
http://books.google.com/books?id=VEbhYT1tGW8C&printsec=frontcover&dq=psychology+of+trading&hl=en&ei=8RzeTdKPAYO6vQPKtPHXBQ&sa=X&oi=book_result&ct=result&resnum=9&ved=0CE8Q6AEwCA#v=onepage&q=psychology%20of%20trading&f=false
Good read of his. Complete book too.