Today I just experienced the same feeling and I am committed to holding strong. This morning before the market opened I wanted to get long something on the commodity end. I always have a list of stocks I am willing to buy or short and I pulled out my list and of the 150 companies I cover I saw one that fit what I was looking for.
- stock showed long bias (above opening range and held above for half duration of defined opening range)
- broke through prior months resistance
- all three moving averages pointing in direction of bias
What has the opposite characteristics at this point in time?