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  • hedgehog25 hedgehog25 Dec 3, 2012 8:36 PM Flag

    Bearish engulfment - pullback starting!

    Same $hit, different name. It could also be called a "bullish retracement".

    The tone of your post implies that you misunderstand the term "pullback". It doesn't mean a trend reversal. In fact, they're mutually exclusive. "Pullback" implies a continuation of the trend.

    But no, this is NOT a nice buying opportunity. It's foolish to buy right after a bearish englufment. Wait for it to drop another two bucks, *then* you'll have your "nice buying opportunity". If it stabilizes between 24 and 25, I'll consider going long again, but not before that.

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