Billy
11-30-2011, 03:44 PM
The limit buy entry tomorrow for IWM will very likely be around 73.14 if it closes above SS2 ( 72.33).
But we won't know if the ST/LT edges will not be neutral before tomorrow morning.
Thursday will likely be a consolidation range day and might offer a good entry point below 73.14 at some point.
Unfortunately, ATR will rise a lot after today and the initial stop will be far away.
OB/OS will close above -70 and the second fail-safe stop will be active if it closes below -70 on the coming days.
Billy
But we won't know if the ST/LT edges will not be neutral before tomorrow morning.
Thursday will likely be a consolidation range day and might offer a good entry point below 73.14 at some point.
Unfortunately, ATR will rise a lot after today and the initial stop will be far away.
OB/OS will close above -70 and the second fail-safe stop will be active if it closes below -70 on the coming days.
Billy