tag:blogger.com,1999:blog-5888907630242568925.post2760126578844822831..comments2023-06-05T04:15:43.212-04:00Comments on Money Money Money: So many important trendlineschaugnerhttp://www.blogger.com/profile/16378543210029732358noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5888907630242568925.post-19760187232095808422010-02-11T12:08:33.016-05:002010-02-11T12:08:33.016-05:00wow just got back. Not what I expected at all as y...wow just got back. Not what I expected at all as you can imagine. After seeing the morning break down I moved stops slightly and went back to work. Just to come back to see a 20 point rally.<br /><br />Sigh ... well at least damage was minimal but what a move. Need to go back to charts now to figure out next steps.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-64232504505467529442010-02-11T08:42:56.356-05:002010-02-11T08:42:56.356-05:00taking a look at the 60 min charts overnight - wow...taking a look at the 60 min charts overnight - wow. Thats a lot of price moves in a VERY small area. You can see we have not managed to break the upper trendline there but we are also not making new lows below yesterdays close.<br /><br />It appears the market is waiting for cash hours to try to induce a rally and then possibly run some stops (maybe mine) on the upper range. We are still close enough to jump to 1076 by 10:00AM. This would put a lot of shorts under a lot of pressure - primarily talking about more longer term committed positions that may need hedges above those range or potential partial covering.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.com