market actually showed a lot of strength, CSX bounced off support. I think it should rally a little here, so I'll take my profit and come back later. I think there's a chance it will rally, and then come back down, gain momentum and break through. The reason I have this is not the strong likelihood that it may plummet, but the strength of the move if it does.
Reminds me of AKS... Before it broke it's multiyear trendline, it paused at support for awhile, then broke through hard. And before that, it rallied far above, giving it the momentum on the decline to breakthrough the support.
I will likely revisit this one and re enter
OptionA > Trade Notes
Member since: Apr 08 
Favorite Links |
OptionA: Trade Notes
CommentsSubscribe
The above content is provided for educational and informational purposes only, does not constitute a
recommendation to enter in any of the securities transactions or to engage in any of the investment
strategies presented in such content, and does not represent the opinions of TradeKing or its employees.
TradeKing provides self-directed investors with discount brokerage services, and does not make
recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks
associated with the use of our systems, services or products. All investments involve risk, losses may
exceed the principal invested, and the past performance of a security, industry, sector, market, or
financial product does not guarantee future results or returns. Your use of the TradeKing Community is
conditioned to your acceptance of all TradeKing
Disclosures and
of the
TradeKing Community Terms of Service. 2007 TradeKing.
|
|||||||||||||||||||||||||||||||||||||||