chart....., page-11

Don't chuck a cow and come this size of cojones bit with me,haspete.Very nasty bordering on d'Impolite.

Anyhow I don't follow Gann,Speed'n'Resistance etc etc blather.
I did charts by hand since the late 60's for my father.I just use Support,Resistance and Trend Lines with sometimes moving averages for fun.Mostly these days I'm into Market Psychology.How the pilgrims THINK.

Anyway,I do apologise for saying you manipulated your chart.When I took it down to your Time Frame and changed from Candles to OHLC,I saw that the two touches[July5&Aug5]did dissect into yesterday.

So using Trend Lines starting and touching July 26,I find that Entry tomorrow may get confirmed by a 39/40 level.
It's a bit disconcerting using the 26 as a base cos then you have the line at 35ish and a return to there would indicate a possible Gap Close etc blah blah.

However I don't think 26 is a Valid Pivot cos of how CNX closed so above it and so I'm "optomistic" that CNX won't drop back again to sub 35ish.
So that's where I'll shove my Stop IF I buy 39 or so.

Generally I feel we're seeing the outcome of that Conference bringing in the Buyers/Fresh Meat so far this week.
It's all a matter of whether Buying can be Sustained in the face of Profit Taking.
If not?well,then the exuberant and/or T3ers,those who bought above yesterday's VWAP[.421c] MAY divest and put CNX tomorrow in my 35/39 Buying Zone.
If not?well can go looking for some other Opportunity,hey?

Happy Trading.

ps-If I buy I'd target/get restless on a 47ish hit.
Lot of double/triple downers will want to Lighten Up at such levels.What do ya reckon the Average Down Price is of these Pilgrims to Mammon,pete?Saw one of 'em claimed 39;
15%+ at 45/47 could tempt?

cheers.