Tuesday, November 3, 2009

Chart update, price targets



I am going to have to figure my game plan going forward.  Where I should set my stop since I am now in the green, but however last trade I ended up placing my stop way too close, and was tripped out in the volatility (before a very large move in the intended direction)  right now I am thinking of leaving the leash where is lies...I am expecing for a larger move positive with a bit more conviction before this counter rally finishes.

My biggest concern is that I am in the mindset that this longer term rally from march is over, with a broken trend line, and weekly divergences in momentum.  I just want to be able to hop in on that as well, and by the looks of it soon.

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