Monday, August 24, 2009


sold FAZ and done for the day, maybe

cover TNA
15 minutes to go. trade your plan with an eye on the clock, don't get trapped into something when the music stops.


sold BCRX sold and shorted TNA


BCRX

















TNA

bot FAZ

got stopped out in WCRX



bot TNA BCRX WCRX





TNA













BCRX














WCRX



jumping off of things here. market seems to want to stall. will wait for more favourable conditions....




sold FAZ















sold SKF












cover TNA
If your're following along in the same plays, be cool as we are banking some good coin here. Keep you head straight. Take profits as it is prudent to take them. When the momo ends, jump off. If a huge candle appears, take the $. Have no expectations, only trade what you see. Be prepared for anything to happen.

add some TNA short as well


Back into FAZ SKF long. it would be unfortunate to be stick in a trading channel instead of getting some momentum going


FAZ
















SKF


bailing out of FAZ , SKF as momo has stalled


FAZ















SKF
markets showing 100% red although we aren't touching daily lows again. many shorts available like TNA , FAS

back into FAZ SKF longs


Momo has stopped for now, better to exit now and find some play that have momo


SKF













FAZ



Into FAZ SKF long again and time to sell the longs BCRX WCRX


WCRX



FAZ















SKF

WCRX making new highs, lotsa volume small spread, big daily range



WCRX

Conversely when a stock is showing strength during market weakness, a high probability long play is showing. Took a look at BCRX


BCRX
This was my dynamic new high / new low indicator during that market plunge. 100% red means lots of shorting opportunities. Basically close your eyes and pick a couple and you will have winning trades.


Again my choice is to take these profit pops, instead of seeing them clawed back. I can always get back in when the momentum shows up


SKF


















FAZ


Here we go again into FAZ SKF long



FAZ















SKF


The bulls have put a stop on the market pile driver for now, best to take profits here and wait to see what develops. Be ready for any direction as there is a lot of power behind some moves today...



SKF











FAZ

QQQQ right at daily low, my high / low indicators are spinning 100% red very fast, saying there are hundreds of new lows happening right now.
Go with the flow




QQQQ



Market pointing downwards, lots of good shorts popping up or you can get into things like SKF or FAZ



S&P and QQQQ












SKF
















FAZ