Marketsurfer says short shake shack

The Shack is testing again his uprising trend line.
If support holds ... new highs.
if support breaks ... can go really low.

Wait and see.

CM

shake9.gif
 
Chris Mac said:
The Shack is testing again his uprising trend line.
If support holds ... new highs.
if support breaks ... can go really low.

Wait and see.

CM

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Which is it? Last posting you should a straight line across a reaction low and suggested that is it fell below there, it would go lower. Now, we see a trendline and the suggestion is that if we fall below that, we go lower. How far below each line would we need to fall for it be a valid breakdown?
 
Buy1Sell2 said:
Which is it? Last posting you should a straight line across a reaction low and suggested that is it fell below there, it would go lower. Now, we see a trendline and the suggestion is that if we fall below that, we go lower. How far below each line would we need to fall for it be a valid breakdown?
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B1B, your main problem is that you don't understand that trading is about flexibility and probabilities, and not rigidity and certainties.
When I draw a graph, I don't say "Hey, yesterday, God told me Shake should go straight to new highs".
I just elaborate hypothesis, scenarii, and try to adapt with price action and new information.
This is not a perfect game, and until you think there is only one truth, you will stay with losers.

CM
 
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