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DIRECTION?NO IDEA, BUT from WHERE & WHEN it starts:
-close the position.
- reopen the position:
BUY (far) ABOVE the VALUE
SELL (far) BELOW the injurious VALUE.
The lifetime of the level is up to severall days.
Steve Miley is the Market Chartist. He was previously a Director of Technical Analysis at Credit Suisse (2009-12) and 15 years at Merrill Lynch. He is the Technical Analyst Magazine 2013 winner for Best Fixed Income Research and 2012 winner for FX
Former OptionsXpress Chief of Technology, providing daily stock and options picks with entry and exit points. Recommended by Barron's. Picks based on a quantitative trading system built upon statistical analysis. Try us for Free today.