J.P. 03 said:
Looking solely at the trendline you drew, it looks like every time we touch it, the next day is red. In fact, in most cases it looks like we gapped down to start the next trading day, so those 445 P you picked up are looking pretty smart.
I hope so. Some TA has been tough lately. What is supposed happen doesn't. I don't need a gap down but at least some back testing.
I actually drew that trend line back on May 7th connecting with April 16th. It has held true so far anyway.
The red trend line is a much longer term trend line. Last time it went out of the yellow trend it pulled back to within the long term red it before consolidating the move out again.
That is why I added the 445P as a lotto for tomorrow.