Well I shorted some of my own stock yesterday and replaced them at .40 this morning. At the time I was ecstatic but now it appears I could have waited for more. I've just bought again at .39 From experience, if it was any other stock at support level I'd be watching for .395 to wipe and then see how the tape is flowing at .40 for entry. It's hard to explain but on a 2 min chart the gap widening between the 8 and 20ema's tells me a lot especially if it's buying volume or distribution. It's far better for that gap to remain as even as possible as I've worked out that is accumulation, an ever moving gap to me is distribution. I'll trying and find an example to demonstrate.
