tag:blogger.com,1999:blog-19713238.post2562326838848642027..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: Lame Rally Leads to late Day Sell-OffTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-19713238.post-15711450510828896222008-10-28T01:53:00.000-04:002008-10-28T01:53:00.000-04:00YR,The slope of the MAs determine if and to what d...YR,<BR/><BR/>The slope of the MAs determine if and to what degree they are threatening. In the case of RIMM, at the time of entry, the slope was very subtle and almost flattening which is far less threatening that a steep curve.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-52095036833335963512008-10-28T01:29:00.000-04:002008-10-28T01:29:00.000-04:00thanks Jamie. So the overhead 5 & 20 EMA and 5...thanks Jamie. So the overhead 5 & 20 EMA and 50SMA nearby on 15min chart is not a big issue in this case? When does MA become an issue?Unknownhttps://www.blogger.com/profile/15010173010350319640noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-4468339434096249632008-10-27T22:28:00.000-04:002008-10-27T22:28:00.000-04:00YR,Yes, but fib retracement would be Friday's trad...YR,<BR/><BR/>Yes, but fib retracement would be Friday's trading range because no gap. Sets up a nice mini base in the same spot as Friday round 2:00 EST.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-74759093177955029562008-10-27T22:18:00.000-04:002008-10-27T22:18:00.000-04:00Hi Jamie,Would you see an entry at around 10.50ET ...Hi Jamie,<BR/>Would you see an entry at around 10.50ET 5 min chart on RIMM today as good for going long? It formed a base and support around pivot and also 50% fib level of previous day low to today's ORH. Nothing spectacular abt volume though. Thanks for your thoughts. <BR/><BR/>YRUnknownhttps://www.blogger.com/profile/15010173010350319640noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-86376863957719135952008-10-27T21:35:00.000-04:002008-10-27T21:35:00.000-04:00Rick,The volume didn't contract I suspect because ...Rick,<BR/><BR/>The volume didn't contract I suspect because of programmed selling. The formation was good though. Maybe a bit of a revenge trade after getting stopped out on a head fake. And yes, instinct as well.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-58666924856241232952008-10-27T20:39:00.000-04:002008-10-27T20:39:00.000-04:00Good job battling it out. I can't really see a be...Good job battling it out. I can't really see a bear flag in the NQ and the volume picked up before the trendline break instead of contracting. Was this more of an instinctive trade after all the afternoon selloffs we've been having lately?Rickhttps://www.blogger.com/profile/01185536059022375299noreply@blogger.com