Larry Williams teaching (I think it was from him). Days whose high and low exceeds the previous day and closes down has a high likelihood of being bullish the next day. We are at some daily support.
I just don't want to be blind to keep going long when price keeps dropping. I've been pretty good at avoiding that which I see newbies doing all the time (trying to pick the bottom or top).
Also, today was a pretty good ranging day so many times you can expect a smaller range day the next day.

No comments:
Post a Comment