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Clarification on ARBA

 
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jkottiel



Joined: 11 Nov 2004
Posts: 30

PostPosted: Fri Nov 12, 2004 1:42 pm    Post subject: Clarification on ARBA Reply with quote

Could you clarify the following from Friday's comments:

ARBA should be bought upon not through todays open, stochastics
you are now curling back up and the trading
do not come down into the gap area before moving back up


Thanks!
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candlestick1
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Joined: 27 Jun 2004
Posts: 503
Location: Houston, Texas

PostPosted: Mon Nov 15, 2004 9:30 am    Post subject: ARBA Reply with quote

Sorry, I use a voice activation software, that should read buy ARBA upon it coming up through the previous day's close. That recommendation is based upon a buy signal and if it opens lower the next day, which is not unusual after that first big up move, that you want to see that the buyers are still coming in the position. When they open it lower, which is usually the market makers trying to reestablish some positions, when it comes up through the previous day's close after opening lower, that usually indicates that the buying is going to continue
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