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Desperately want to short JNJ
Started:December 12th, 2010 (12:19 PM) by Ghostland Views / Replies:1,311 / 2
Last Reply:December 12th, 2010 (12:59 PM) Attachments:2

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Desperately want to short JNJ

Old December 12th, 2010, 12:19 PM   #1 (permalink)
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Futures Experience: Beginner
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Desperately want to short JNJ

I have a personal dislike for the company (long story), but don't want to lose money over it--not even "play money" which is all I'm risking now. Really just starting out with charting, especially drawing support/resistance lines. Attached is today's chart--it's a mess, I know. Price is approaching what I consider strong support.

I'd really appreciate everyone's comments and analysis of what the chart is saying, as well as commenting on my attempt to explain what may happen next with the price (I think it's going to break resistance and the H&S neckline at the same time).


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Last edited by Big Mike; December 12th, 2010 at 01:36 PM. Reason: moved to stocks
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Old December 12th, 2010, 12:19 PM   #2 (permalink)
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Old December 12th, 2010, 12:59 PM   #3 (permalink)
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reston, va
Futures Experience: Intermediate
Platform: ninja
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trading based on your emotion is a guarantee for a failure, stay away never look at it as long as you live. having said that if it break 61.11 it will go for 59.

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