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Capitulation day in Coal?
- Thread starter W4rl0ck
- Start date
Quote from W4rl0ck:
What's the catalyst for up?
Doesn't look like that many shorts but the data is old.
Oil back at 140...lol
From what I can see, they might start just trading tight right now, because they are hovering around some support on the Daily.
And if that happens, that will suck, because they have some wicked volatile daily ranges. If they tighten, I'll move on to what else is in play.
Could be the homebuilders again?
Had fun trading those a few years back.
But in all fairness a large hedgefund unloaded ACI and MEE just got downgraded. Was down almost 10 pts today.
Quote from W4rl0ck:
What's the catalyst for up?
Doesn't look like that many shorts but the data is old.
You trade any of those today? Still had their $4-5 intraday moves.
Made some nice $$$ today and yesterday, but left alot on the table!!
Was a little spooked, Anvil had problems all afternoon.
3:30 calling it quits.
Yep. I'm not seeing a lot of follow thru tho. Most are still inside yesterday's candle.
Like to see a hard bounce but maybe they're just road kill.
Like to see a hard bounce but maybe they're just road kill.
Quote from cuz69:
You trade any of those today? Still had their $4-5 intraday moves.
Made some nice $$$ today and yesterday, but left alot on the table!!
Was a little spooked, Anvil had problems all afternoon.
3:30 calling it quits.
Quote from W4rl0ck:
Yep. I'm not seeing a lot of follow thru tho. Most are still inside yesterday's candle.
Like to see a hard bounce but maybe they're just road kill.
Yeah I agree, like I said in my other post, they might just start trading tight. But as long as they have $4-5 intraday moves between high and low, I'll stay with them.
But thats just my style, I don't trade anything with high volume and less than $2 intraday moves regularly.
My friend is married to C and asks me to look at it, and I am like what for...lol