Wednesday, March 09, 2011

Trade review 3-9-11

I got some picks correct today...



Perfect green to red on a gap up near the hod that happened after the 1st 5 minutes. Within 1.5 hours it rallied but that failed to green, and it closed weak to finish south by over 12% today.


A gap down open fell nicely, with an early rally failing to green and only matching the daily high area. Then it tanked evenly the rest of the session en route to a red finish of over 29% today.


A gap up crapped at once, going green to red nicely. 2 hours in it rallied, but even at its highest point failed to green. Went sideways the remainder so it finished well off of the lows, but still negative by nearly 3% today.


Out of an essentially flat open, a gap and crap ensued at once. After falling red, it kept going, evenly declining all day into the close, which was south by over 8% today.



A fake out loss for longs. A flat open went green a while, but mid session fell back under going red. It went positive again by a lesser degree and later closed weak to end down over 5% on the day. Choppiness sucks!



Gap up near the hod crapped at once, going red fast. It kept up that for 1.5 hours then traded sideways into the close, which was south by over 8% today. Potential longs were not faked out and probably kept flat, since the price action was obvious and not a trap to any competent Bull. Live price action reading is the key.


I said no longs, and this one gapped up and moved north at once, but did not really spike. It was a no play. A gradual rise ensued, which faded. It then rose again and meandered the rest of the way, closing up over 12% today. Once again, anyone who shorted a play with conditions like these, does not know my rules for shorts.

Daily record: W-4 L-1-P-2


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