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Message: Too much selling pressure

Think I'll try to get out at 1.52 for a -10% loss and then get back in when the selling pressure has reduced. I don't like those walls of Asks that flash up and disappear in the blink of an eye! It's at 33 today (slow stochastics 14.7 as per Claude), 34 yesterday so still some way to drop before it nears being oversold at 20 and it's kind of flat at the moment.

Problem is I have to go out and so may miss a news release and/or re-entry point assuming I can get out at 1.52! If anyone knows where the current support is, I would appreciate it. Thanks.

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Apr 27, 2011 01:58PM
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