Thursday, May 14, 2009

GNW!!!

market bouncing, but still there is resistance to be met at the 200 day average. be careful.
 
can't post a pix now, but i took a 1% long position in GNW. placed the order at the 200 period average on the 5 minute chart. one hour later this one is already up 5%.
that is great action, but also means traders are all around. charts suggest momentum could carry this to about $7.
 
again, be careful!

Posted via email from fortypercent's posterous

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