Thursday, January 8, 2009
Cosco - more stale bulls trapped this round!
Long term trendlines.
Short term.
Today (7 Jan 09), second round of 狼来了!
(Will you jump in at the third round? I think it is safer to buy below $1, and let the rest do the job to push it up and above $1, if it breaksout next time)
Broke and closed above $1 yesterday.
All jumped in and get trapped.
Today it came and closed below $1, and even below $0.975, where it broke out.
This time is 2 days above $1. Trapped more stale bulls.
Tomorrow support at $0.965 and $0.94. Below $0.94, short term uptrend will be broken.
See how many stale bulls it caught these 2 days.
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