Tuesday, June 01, 2010

Buying bottoms





As much as I like to short the lows and buy the highs, sometimes a stock just screams out it is done dropping and is ready to reverse.
The near doji and huge volume on FTI said to me that the sellers were done for a while and the buyers were ready to take over. Then it was a short again

first chart FTI long






sold FTI














shorted FTI











cover FTI

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