IBM put on about $7 in two days for a nice win. This is an example of how every once in a while an Elliott wave pattern is useful. It is now at resistance around 188 - 190 so taking 80% off the table.
AXP is still in play to go to 98-100. stop at 94.
MCD was the slow mover with a down day today to trend-line support. Therefore, this is now a good risk/reward ratio. Should spring up to 105 in a couple of weeks. Stop at 99.5 minimizes loss.
AXP is still in play to go to 98-100. stop at 94.
MCD was the slow mover with a down day today to trend-line support. Therefore, this is now a good risk/reward ratio. Should spring up to 105 in a couple of weeks. Stop at 99.5 minimizes loss.
No comments:
Post a Comment