Trade review 8-6-10

I got some of them right:

Hits:

HAUP

Nice fade from near the gun en route to a red finish of over 4.5% even though it closed somewhat off its lows.

LOCM

Opening on a gap down, this began to tank early, rallied, then tailed off en route to a down finish of over 8% It was in play both ways as I indicated. The early weakness revealed in the live price action was a sign of more bad things to come. It never filled the gap and soon went beneath the opening price of the day, etc.

ERFW

Over extended news winner spiked meekly then fell, going red around 30 minutes into the session for an easy money fade play. Closed down over 9%

Misses:

DSCM

This long scalp try never got off the ground. Since it never looked good from the open on Friday, most of my subscribers probably avoided entry at all, as I noted to only act bullish on early strength.

Push:

WWWW

This (relative to the previous session close) finished unchanged, meriting a push result.

Totals:
Daily record: W-3 L-1 P-1
75%


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