Posted by: tyrannyoflogic February 4, 2014
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about 120+ on the stocks I went long yesterday all together
SPY bounces yet again from that 1740(approx) support next level to watch for today on the upside 1760
will probably get rid of all my longs around that 1760 action...just lock in my profits and wait for the next play
but as a huge follower of technicals here's something everyone should consider , be it value investors or traders. I cannot comprehend the idea of assessing a value of a company nor I have any interest in doing so but still you could plan out your entries and exits using technicals.
I mean I could not really determine for sure if a company is overvalued or undervalued just by looking at books because a huge chunk of the price action depends on sentiments of the markets overall...but anyways here it is
this was posted yesterday night
http://www.cnbc.com/id/101386549
key levels mentioned -some of which OBAMA and myself have pointed out in the past couple of days
SPY bounces yet again from that 1740(approx) support next level to watch for today on the upside 1760
will probably get rid of all my longs around that 1760 action...just lock in my profits and wait for the next play
but as a huge follower of technicals here's something everyone should consider , be it value investors or traders. I cannot comprehend the idea of assessing a value of a company nor I have any interest in doing so but still you could plan out your entries and exits using technicals.
I mean I could not really determine for sure if a company is overvalued or undervalued just by looking at books because a huge chunk of the price action depends on sentiments of the markets overall...but anyways here it is
this was posted yesterday night
http://www.cnbc.com/id/101386549
key levels mentioned -some of which OBAMA and myself have pointed out in the past couple of days