Follow up to y'day post. I sold into strength this morning as planned. Mild support at $181.15 then $177.07 & $176.04. Trim & trail my longs.
All indications I see are showing a set up to $177 - 176 zone. Supply has been coming in above $178 and now on approach to $200. I am long LMT. I am taking off a portion of this position Monday morning. I wrapped up early Fri and didn't catch my alert in time even though my #2 Excess Supply signal calculated Friday morning. My first stop is in the $160's. My...
LMT put in a motive wave, retraced and then put in another motive wave of the same % move. Frost and Prechter in their book said this is a common occurrence so i've been watching and sure enough here it is.