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Day Trading Dec 9 Morning, page-105

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Ryphil

4,382 Posts.

29

09/12/14

12:11

Post #: 14432041
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Originally posted by mitta3 ↑

Ryphil, it may appear to be spinning its wheels but this is when one takes note of the potential (easier) long trades. I mean when a stock like this appears to be shortening its downward thrust (I like saying that), its more likely to be easier to trade long than it has been over the last few days. The selling pressure is easing and the buying has sort of gaining control .. remember this is all within the day trading confines, I don't care what the long term hold is going to do.

SKE up to its morning high for the third time today and atm breaking higher

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Yes...agree Mita...but too risky for me at this stage because cld just be resistance fading for the next leg down if iron are price goes lower...bit like flipping a coin at this stage....
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