chart thread only please, page-5

Yes mikepike, I did the same with a trading position, not actually based on the MACD, but some other indicators I use. Meanwhile I have dropped that parcel at a nice profit, as I do believe this will not hold. I originally suggested 13 - 13.5 and even a spike to 14.5, but I now have started to question that, as we are losing momentum to get there.
Dropping the position at 11, was done on one of my unchartable indicators - called gut feeling ;-)
As of yet I haven't seen a higher price where one could have sold into.
Yeah and as I said, it looks like a small rising wedge forming or alternatively a bearish flag. Either way, I can't see it going much higher right now.