wait before buying 11am, page-2

yes you did warnie
I know you reckon its crazy charting this sort of spike

But there is actually a trading pattern based on a sell the news.and rebuy..
When a stock spikes up on news and closes on a high, the theory is that stragglers will still try to get on and continue the opening spike.For the Sell
It then retraces and offers a safer entry

I saw this pattern charted many years ago
I think it was drawn by Tech/a for those that know him at Reefcap.
It was called a Shark and Jaws somthing or other
will see If I can find it

Not just a fib% retrace.

anyway......Big Kahunas still required so that counts me out