Thursday, January 8, 2009

Cosco - more stale bulls trapped this round!

Cosco long term trend
Long term trendlines.

Cosco 070109
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.

Cosco - stale bulls
See how many stale bulls it caught these 2 days.

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