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Old 01-02-2009, 12:28 PM
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Ken Ken is offline
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was trying to get back in/out of ZLC here, looks toppy at the 4.28, so out of all ZLC in intraday account.. eg bought 4.25 but then quickly sold back. I'm going to see if it drops, I won't buy again unless it gets under 4 or over 4.5.

there's a shooting star on the 10-minute in this chart (bearish reversal possible), so I'm more likely to wait to see if it drops into the afternoon, then buy back when it looks like it's sold down and starting to bounce again. COMPQ still looks long here near 1606 and TRINs are bullish.

Here's the pattern, see the "shooting star" (inverse hammer) at the top?




hmm now I've gotta figure out if I want to buy this back again today for a swing, I likely will if it gets as low at 3.5-3.7 and starts to pivot on volume.

update 1:24pmEST looks like consolidation near the 4.1, I may buy back in a bit if it gets over 4.12 or so on + volume. COMPQ++ action here, now at 1615 and trins still low, bullish

-k
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