Comments on: GOOG Shows the Importance of Watching Prior Price Lows http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/ Helping traders overcome fears and emotions in trading Thu, 09 Feb 2012 14:53:15 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: JeffreyLin http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-213030 JeffreyLin Fri, 05 Mar 2010 07:12:45 +0000 http://blog.afraidtotrade.com/?p=5599#comment-213030 maybe unrelated, but interesting intraday action in $GS pushing highs while @mrtopstep was calling out $GS floor traders quietly accumulating $SPX before the pop into the close. Do they know something about the NFP tomorrow morn?! (that's rhetorical...they always do ;) maybe unrelated, but interesting intraday action in $GS pushing highs while @mrtopstep was calling out $GS floor traders quietly accumulating $SPX before the pop into the close. Do they know something about the NFP tomorrow morn?! (that's rhetorical…they always do ;)

]]> By: JeffreyLin http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-213029 JeffreyLin Fri, 05 Mar 2010 07:10:28 +0000 http://blog.afraidtotrade.com/?p=5599#comment-213029 Great lesson on "K.I.S.S - Keep it simple, stupid!" Great lesson on “K.I.S.S – Keep it simple, stupid!”

]]> By: JeffreyLin http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212292 JeffreyLin Fri, 05 Mar 2010 01:12:45 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212292 maybe unrelated, but interesting intraday action in $GS pushing highs while @mrtopstep was calling out $GS floor traders quietly accumulating $SPX before the pop into the close. Do they know something about the NFP tomorrow morn?! (that's rhetorical...they always do ;) maybe unrelated, but interesting intraday action in $GS pushing highs while @mrtopstep was calling out $GS floor traders quietly accumulating $SPX before the pop into the close. Do they know something about the NFP tomorrow morn?! (that's rhetorical…they always do ;)

]]> By: JeffreyLin http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212291 JeffreyLin Fri, 05 Mar 2010 01:10:28 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212291 Great lesson on "K.I.S.S - Keep it simple, stupid!" Great lesson on “K.I.S.S – Keep it simple, stupid!”

]]> By: Bear Bear http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212289 Bear Bear Thu, 04 Mar 2010 17:45:34 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212289 I'm seeing the $16.40 level for BAC as critical. I'm looking to BAC as an indicator for financials, it could be flashing ominous signs for the rest of the sector. BAC has been trending down all week, while we could be witnessing blow off tops in GS, MS, and WFC. JPM has gotten choppy. I'm long FAZ with a short term target of 17.42 to 18.76. I'm seeing the $16.40 level for BAC as critical. I'm looking to BAC as an indicator for financials, it could be flashing ominous signs for the rest of the sector. BAC has been trending down all week, while we could be witnessing blow off tops in GS, MS, and WFC. JPM has gotten choppy. I'm long FAZ with a short term target of 17.42 to 18.76.

]]> By: Bear Bear http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212288 Bear Bear Thu, 04 Mar 2010 17:37:33 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212288 Thanks Corey. I have 16.88 as a critical level for FAZ, if that's broken to the downside I think we could see more upside on GS. At this point I'm betting that GS will at least revert to the mean by pulling back a little. Thanks Corey. I have 16.88 as a critical level for FAZ, if that's broken to the downside I think we could see more upside on GS. At this point I'm betting that GS will at least revert to the mean by pulling back a little.

]]> By: Corey Rosenbloom, CMT http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212287 Corey Rosenbloom, CMT Thu, 04 Mar 2010 17:26:55 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212287 For now, it looks like a true breakout, or at least a breakout that's no doubt beginning with a short-squeeze 'popped stops' play. <br><br>I'll try to update that in a post - good call there. For now, it looks like a true breakout, or at least a breakout that's no doubt beginning with a short-squeeze 'popped stops' play.

I'll try to update that in a post – good call there.

]]> By: Bear Bear http://blog.afraidtotrade.com/goog-shows-the-importance-of-watching-prior-price-lows/comment-page-1/#comment-212286 Bear Bear Thu, 04 Mar 2010 17:21:50 +0000 http://blog.afraidtotrade.com/?p=5599#comment-212286 GS, breakout or fakeout? GS, breakout or fakeout?

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