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Thursday, June 03, 2010
Q games
Similiar to the morning QQQQ game it did the same thing here. My cue to exit my long was the lack of volume on the pop. Notice how the volume is lower on the last green up candle then the preceding one but the price kept rising. Only in bizarro world does that stick so it said to me sell the longs and go short. It dropped rather violently for 20 minutes after this.
Pay attention to these signals!
Get ready for the afternoon sesh, it may be a good one, lots of market movement today.
at the same time I shorted FTI below, I also shorted TNA. Same thing , I was waiting for the false uptrend to end. It was so obvious its like I had a crystal ball telling me what to do. Down it went. Perfect entry perfect exit
TNA short
TNA cover,profit taking and long
TNA sell, profit taking and short
Some good trading today. I woke up early this morning because I had something stuck in my tooth. Anyway, the markets looked weak so I took FTI short among others.
First chart is QQQQ after it does a no volume pop. I added to my postion here, chances were that it was going to drop. It did.
FTI short
FTI cover, taking profits and going long
Crash
keep on your toes, there is a lot of money to be made today while the markets are crashing
increase your size, push it, play the pops when they come.....
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