so the idea here, is to figure out why AIG collapsed after the dojis and BIDU went up.
earlier, i thought it was because AIG was in a downtrend from 11-1130, but really the most recent trend was up.
BIDU for sure was in an uptrend preceding the dojis.
maybe the fact that BIDU broke previous highs, and AIG didn't.
Any thoughts?
Good catch fozz.
ReplyDeleteI don't know the answer, but it is interesting to note that AIG tried to go up and failed - it ended the sequence on that red hammer with the wick clearly pushing thru and the next candle not breaking the resistance. Good signal.
yeah, that would have been a perfect trade. these trades are just around the corner all day. there is no need to bet the farm. in my head i say, if i would have got 1000 of that, i could have made $5000 blah blah. in reality, i would never hold a 1000 shares of any stock. i need to remember, 200 shares, catch a $1 move, thats $200, do it a few times a day consistently, thats $2500 a week. thats pretty damn good money in the desert.
ReplyDelete