sold the pop. just working it now ...

CAGC

playing the bounce on CAGC

Mined from the hitting new lows list

i saw CAGC show up on the new lows list. Bang bang down it went fast.

short entry

covered and took profits

The right place at the right time.

A recent comment about scanning got me thinking about the subject of finding opportunities. I don't scan in a conventional sense, instead I have my new highs/lows indicator constantly displayed. http://fearandgreedtrader.blogspot.com/2009/07/momentum-indicator.html

The value that this gives me is not to be underestimated. A constant flow of stocks that are in play and printing higher or lower at that very moment. Think about it for a moment. I don't have to wonder about chart patterns or project into the future about a stocks possible direction. It's doing it right now. END OF STORY. In fact beyond ascending or descending triangles I couldn't name a "popular" or doji pattern if my life depended on it.

Not having to think about bear flags, haramis, cup and handles, wedges or double bottoms ( I had to look up those names by the way) means I can focus on actually getting into the trade in a timely manner instead. Getting in when momentum is taking the stock for a ride is where the money is made.

Once I have a few movers then I stick with them and trade the momentum starts and reversals. If I see something pop up that has more potential than something else I'm currently in then I'll jump ship and move over to it.

If you look at my charts you'll see lots of good entries. That comes from being in the right place at the right time and not hesitating or thinking about why it's making new highs or lows. Just trade it instead.

cover WYNN

cover TNA

sold FAZ

15 minutes to go cover LVS short TNA

LVS

TNA