Friday, August 07, 2009


cover LVS
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2 comments:

bluecollartrader said...

Hi Scott,
I have a question if you don't mind answering. On this LVS chart, you have the greeen line near HOD as a sell point. Is that point of exit just at the end of the 5-min timeframe (green candle) or just after the turn at the start of the current 5-min candle?

1:23 p.m.
Scott said...

i shorted that about a minute before the green candle ended as the markets were turning down quite rapidly. see my post "dangerous to hold" 4 posts earlier. when the markets are making substantial steps lower, the probability is that stocks will follow. all I'm doing is playing the odds.

9:39 p.m.

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