Comments on: Recap for Friday the 11th: Support, once broken, becomes resistance (with special guest Joe Biden) http://www.reapertrades.com/2009/12/recap-for-friday-the-11th-support-once-broken-becomes-resistance-with-special-guest-joe-biden/ Reaping Profits by Trading Penny Stocks Tue, 20 Dec 2011 21:33:55 +0000 hourly 1 http://wordpress.org/?v=3.0 By: MarketMonk http://www.reapertrades.com/2009/12/recap-for-friday-the-11th-support-once-broken-becomes-resistance-with-special-guest-joe-biden/comment-page-1/#comment-4251 MarketMonk Sat, 12 Dec 2009 01:32:45 +0000 http://www.reapertrades.com/?p=1492#comment-4251 Well stated comment about S/R levels (they work when they work, as you just don't know when they will). I have this theory that on range bound days, all of the day traders are looking for "anything" showing some action. And usually a stock like SNSS will get noticed and then everyone will pile in. Best to get long on these types of stocks on those kind of days (range bound with little other action). They can and do turn out to be great shorts as well. MM Well stated comment about S/R levels (they work when they work, as you just don’t know when they will).

I have this theory that on range bound days, all of the day traders are looking for “anything” showing some action. And usually a stock like SNSS will get noticed and then everyone will pile in.

Best to get long on these types of stocks on those kind of days (range bound with little other action). They can and do turn out to be great shorts as well.

MM

]]> By: vset http://www.reapertrades.com/2009/12/recap-for-friday-the-11th-support-once-broken-becomes-resistance-with-special-guest-joe-biden/comment-page-1/#comment-4250 vset Fri, 11 Dec 2009 22:56:39 +0000 http://www.reapertrades.com/?p=1492#comment-4250 Nice video report. This Sykes strategy is becoming so well-known that can finish to work... yes or no? Have a nice weekend! Nice video report.

This Sykes strategy is becoming so well-known that can finish to work… yes or no?

Have a nice weekend!

]]> By: Reaper http://www.reapertrades.com/2009/12/recap-for-friday-the-11th-support-once-broken-becomes-resistance-with-special-guest-joe-biden/comment-page-1/#comment-4249 Reaper Fri, 11 Dec 2009 22:22:21 +0000 http://www.reapertrades.com/?p=1492#comment-4249 My mental stop was 1.80 ... it should've been 1.82. My mental stop was 1.80 … it should’ve been 1.82.

]]> By: Preston http://www.reapertrades.com/2009/12/recap-for-friday-the-11th-support-once-broken-becomes-resistance-with-special-guest-joe-biden/comment-page-1/#comment-4248 Preston Fri, 11 Dec 2009 21:53:45 +0000 http://www.reapertrades.com/?p=1492#comment-4248 What was your stop when you were using the resistance of 1.80? What was your stop when you were using the resistance of 1.80?

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