Tuesday, October 13, 2009


short AIG
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2 comments:

Unknown said...

I've noticed that a fair number of your buys/sells initiate after a 'hammer' or 'shooting star' respectively. Do you keep a look out for these individual candlesticks (while of course relating them to prior price action) or am I over analyzing?

Thx,
Blake

12:29 p.m.
Scott said...

To be honest, I don't know what a hammer or shooting star is. Probably did when I was learning about candlesticks but I don't know now.
There are names for all the candlestick out there but know this, a textbook set up can fail just as easily as a total dog set up. Dojis are the only "name" I gravitate to. I think when you try to pigeonhole setups you run the risk of setting expectations and that won't work out for you in the long run. Thinking in probabilities will.
If new info comes to the markets then momo takes over.
When AIG popped up after being weak I thought it was a good place to get short again is all.

1:17 p.m.

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