12 December 2007

12-12-07 : GS diamond breakout - downside

Its surprising to me the diamond breakout to the downside.

But it happened. So we re-act accordingly. I will not get a put coz 210, and 200 are
both supports. Its too near 210 support now.

For calls, I would have cut at 224, as its a 15min strong support. which was broken up at early hrs, and broken down again later. Price cant go pass the diamond defined upper wall.

What would I do now ? I will wait for a rebound from $210 or 200 level. $200 will be safer. Will leave it untouch for now. Market is very choppy and non trending.

daily
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15min
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