Pay close attention to impulse moves (wide ranging moves) and the reaction to them!
Try not to get caught up too often with too many technical indicators. Take a step back and try to listen to the auction process taking place in front of you. Try to hear the prices being called out as if the pit were right there; how fast does the cadence move away from a certain price?
Just look at some of these charts from today and run the tape through your mind.
Look at how perfectly RIMM trended down all day long....why wasn't I on board this one?!?
AAPL; may look messy, but the setups were there.
FCX; looks like a constellation!!! What a beauty!
POT; another solid downtrend! Try to tune the noise out!
Pay special attention to how the "auction process" behaves around the Open price, as well as the Previous day's High/Low/Close.GS; what a vicious entity.
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