ES Journal Archive (2006 - 2008)

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Quote from saliva:

My thinking is that it'll zoom up to 30 before retracing back down to somewhere around 24 to 26 and then breakout to 37. But then everyone knows that I can't trade.
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It is OK to think--to make projections based on likely resistance and support levels. But sometimes those targets are not to be, and then it is time to stop thinking and start acting based on what you see.
 
Taking a pause that refreshes here, recharging the phasers for another assault on the resistance zone (27.75-28.75).

Broke it! :)

Zone now becomes support, raising stop.
 
Quote from smilingsynic:

It is OK to think--to make projections based on likely resistance and support levels. But sometimes those targets are not to be, and then it is time to stop thinking and start acting based on what you see.
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Quite true. As I said earlier, my plan is to dump half of my position at 2950...if it ever gets that high.

As I was typing, I got filled. :)
 
Quote from mbusch:

Taking a pause that refreshes here, recharging the phasers for another assault on the resistance zone (27.75-28.75).

Broke it! :)

Zone now becomes support, raising stop.
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I hope you're right, but it could also fall down to 26-ish IMHO.
 
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