Thursday, May 12, 2011

TEVA: almost went after this one





Q: I got to the computer late because I'm up all night looking at charts. Like tonight. I need to stop this. Anyway, I watched as the market flushed out on that hammer around 2pm. The tick was well below 1000. As much as I wanted to find a short setup, I felt that the market had been in the low on that whoosh down. So, I decided not to trade anything. Just watch. My hunch was correct.



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