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Desperately want to short JNJ


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  #1 (permalink)
 Ghostland 
Central, Illinois
 
Experience: Beginner
Platform: NinjaTrader
Posts: 24 since Apr 2010
Thanks Given: 2
Thanks Received: 21

I have a personal dislike for the company (long story), but don't want to lose money over it--not even "play money" which is all I'm risking now. Really just starting out with charting, especially drawing support/resistance lines. Attached is today's chart--it's a mess, I know. Price is approaching what I consider strong support.

I'd really appreciate everyone's comments and analysis of what the chart is saying, as well as commenting on my attempt to explain what may happen next with the price (I think it's going to break resistance and the H&S neckline at the same time).


Thanks


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  #3 (permalink)
 
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 cory 
virginia
the coin hunter
 
Experience: Intermediate
Platform: ninja
Trading: NQ
Posts: 6,098 since Jun 2009
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trading based on your emotion is a guarantee for a failure, stay away never look at it as long as you live. having said that if it break 61.11 it will go for 59.


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Last Updated on December 12, 2010


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