Thursday, August 12, 2010

Watchers for the 8-13-10 trading session

LQMT

Reaching its stride? Just look at the chart, it says more than any words can say and is arguably the only thing to care about tomorrow. Might still be shorted on weakness only, or boxed. It cannot keep going up forever, although it might seem like it!

YTBLA

Also going to make a great fade entry soon, maybe on Friday the 13th. Volume has yet to die down though. Patient watching of live price action, and possible boxing, should be adopted in order to pounce on aggressive selling.

NXXI

Another fade play awaits once the momentum subsides. See comments for YTBLA for how to proceed.

LBSR is not on my official list, but the 3 White Soldiers play may ripen for the shorts in a few sessions if it can keep advancing with declining volume features.


The blog has a terms of service. Be sure to read it at:


http://traderbigt.blogspot.com/2010/02/please-read-my-terms-of-service-i.html

No comments: