Friday, January 09, 2009


Good time to go for an early ski with all this chop going on. Later.....


sold CNQ + $ 360, 


















OIH + $ 350

cover SKF + $ 1700

sold FSLR into this strength + $ 2400

bot OIH, doubled up in CNQ

sold AEM + $ 410

bot CNQ, doubled up in SKF short

bot FSLR


short SKF


















bot 2K AEM

sold SKF - $80

cover MON - $ 110

short MON

bot SKF

sold RIMM + $ 800, sold AEM even

cover SKF - $ 180

short SKF, sold AMED even

cover AEM + $ 1900 and long again


bot 2k RIMM


















bot AMED


covered ISRG + $ 900


















sold SKF + $ 1500

sold SRS + $330 

bot 2k SRS and doubled up in SKF


short ISRG


















bot SKF

ISRG downtrend slowing so taking profits + $ 2600. i had doubled up in both ISRG and AEM.


AEM is stalled so taking profits + $ 1500 is the prudent action to take. also 15 minute shows volume declining fast.
 Looks like probability favours the short side here.












AEM 15 minute

So watching ISRG and see the slowing of the little pop. Make the short entry as shown by green line. Only signal is the slowing of upward momentum to a return to th eoriginal downtrend. 
I also doubled up in the AEM long trade.


On AEM here, I had had a long earlier in the morning and felt the strong momo. The pullback and then doji as seen on the 15 minute chart below is my signal that probability is back to the upside. Entry is shown at the lower red line. Let's see what happens as I don't know for sure...











AEM 15 minute chart

ISRG is slowing down so I took the $2700 profit the market offered up. I'll keep an eye on this and if it breaks down again I'll get into it again. I find it better to take the $ instead of watching it go against me and the $ disappear. That sort of thing plays with your mind and gives you all sorts of negative thoughts.

In response to a comment, here is one thing  what I look for to increase my odds of success. ISRG is weak after a strong run yesterday. Has dropped down today and consolidated. Probability said down so I shorted it at the price indicated at the lower green line. Lower red line was my stop . I don't know where fib lines or other support / resistance levels are. I only care what the momentum does and will take my loss if it hits my stop level or take profits when it stalls or when it would be foolish not to take it. I never have a preset idea of my "profit" as that could commit my mind to thinking that I know what it will do. I never know what a stock will do.