Here, I'll give it to ya.
Observe the 45 minute intervals/rimm.
Paint the pivot hi/lo's on the 2 min bars.
Watch the play of time.
Here's how you can stay on the right side of your RIMM trade literally 9/10 times.
Pages from the TR playbook.
-Use the fibs; all 5 levels (both 2 mins/5 mins).
-Paint/plot the pivots (its there in your software).
-Utilize the box/calc. (previously shared)
-Pay attn. to the 10:30 rule.
-w/RIMM,also note the 10am rule.
-Plot volume/MACD/Momentum change.
-Run the bollingers.
-Note reactions of short term uptrends/downtrend lines for the near term trades (no, don't draw 'em horizontally)
If any of the above doesn't make sense to you/or you don't have the requisite tools....probably don't want to attempt short term w/RIMM. She's one of the hardest.
ebay gives the opening "slides" like rimm does...meaning all over the map for first fifteen minutes. Probably stating the obvious; but choose aggresive entries (ie. $36.60's) off the open/put in limit orders....don't let 'em f' you. F them.
Run out the fibs over 2 and 5 days/2 and 5 mins...(review in light of the dailys).
For tomorrow-fwiw..ebay gonna be hard pressed to give us much better than a $36.60's for long entry (intraday only). Pullback to $35's too much/won't happen...it does/then destroys the dynamic of the long side anyway...my 2 cents.
I think I have been making a mistake and looking too closely at the days action at hand and not putting it into perspective with the neighboring days and fibs etc. Thanks for bringing that to my attention.
I need a stock like that after the thrashing MOVI has given me. But, today was the end-of-quarter portfolio primping (I always seem to forget that), which might have accounted for the late-day run-up, especially since there has been selling AH.
Trading ebay intraday biased to long now.
Although this am's ridiculous spike was too easy/did catch ahold of her short.
Probably for near term 3-5 days as well (biased to long that is). Check the daily's chart/see it.