Trading Journal - May

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normally the wick burns out, however, on just about any timeframe (1min, 3min, 5min, 15min, etc.) there are long tails on these candles.

chartists will tell you that this means? (what, chartists?)

.. high volitility
..sharp price movements
..scalping or step aside trading is advised
 
Originally posted by nitro


I get the QLGC, but I don't get the DELL.

nitro
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DELL -

Tested lows in the $24 area and is heading towards $30 which is Jan high. A breakout is likely which should send this stock to $34. This isn't an intraday play.
 
...normally the wick burns out, however, on just about any timeframe (1min, 3min, 5min, 15min, etc.) there are long tails on these candles.
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:confused:

nitro
 
long tails all over the place, orderly selling,
could be a large MF, of Inst selling against cash calls

hard to pick a bottom for fishing, seems the waters are already low in the pond
 
10:51 CST

Dell is doing a 5 min BB squeeze and breaking out of the upper band on the 1 min chart.

Comments welcome.

nitro
 
wasn't Dell caught making his computer firm another trading firm for the 3x time? Something about writing Puts to keep the stock trading above their theoretical floor of $42 or so?

also, its being effected negatively on the futures sell off as well as the option unwinding scenarios
 
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