I got several picks right today...
Hits:
SBSA
A gap down open whose rebounds held the previous close fell under the open and flat line early for the short entry. It rebounded in the afternoon again but closed weakly to end south by nearly 5% today.
ELAN
Another gap down open, which filled at once, even greening. But it fell late and collapsed into the close, yielding a fade entry. It ended down by 16% today.
INHX
A surprising long triggered over the high of last time, which resulted from a gap down at the lod. No doubt about direction as a result. Retreats held the flat line, and it greened into the close, up nearly 4% today.
CPST
Longs easily rolled when this gap up advanced and triggered out of the gate. A steady climb ensued and it closed positive by almost 9.5% today.
Misses:
ALIM
Longs got faked out here when it seemed to bounce early, going red to green briefly. After sucking buyers in, it fell back rapidly under the flat line for good, rebounds failing to retake the gap. Red end by over 5% today.
TAT
Looks like a clear win but after commissions this is a likely loss, possibly a remote one even assuming no commissions given how the price action mislead shorts. After a gap down at the hod fell hard on the noise candle, any entry equal to or just a cent under the close of that initial low lost money. It made more lows intraday but a strong afternoon and close took us back to an earlier low. Ended south by almost 9.5% today.
Push:
MELA
A no play which failed to trigger for longs. It penetrated the flat line early off a gap down, but that candle closed just equal to the previous day's close. Then it headed down for hours, rebounding into the close, which was still negative by over 2.5% today when the gap was never filled.
Totals:
Daily record: W-4 L-2-P-1
66%
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Hits:
SBSA
A gap down open whose rebounds held the previous close fell under the open and flat line early for the short entry. It rebounded in the afternoon again but closed weakly to end south by nearly 5% today.
ELAN
Another gap down open, which filled at once, even greening. But it fell late and collapsed into the close, yielding a fade entry. It ended down by 16% today.
INHX
A surprising long triggered over the high of last time, which resulted from a gap down at the lod. No doubt about direction as a result. Retreats held the flat line, and it greened into the close, up nearly 4% today.
CPST
Longs easily rolled when this gap up advanced and triggered out of the gate. A steady climb ensued and it closed positive by almost 9.5% today.
Misses:
ALIM
Longs got faked out here when it seemed to bounce early, going red to green briefly. After sucking buyers in, it fell back rapidly under the flat line for good, rebounds failing to retake the gap. Red end by over 5% today.
TAT
Looks like a clear win but after commissions this is a likely loss, possibly a remote one even assuming no commissions given how the price action mislead shorts. After a gap down at the hod fell hard on the noise candle, any entry equal to or just a cent under the close of that initial low lost money. It made more lows intraday but a strong afternoon and close took us back to an earlier low. Ended south by almost 9.5% today.
Push:
MELA
A no play which failed to trigger for longs. It penetrated the flat line early off a gap down, but that candle closed just equal to the previous day's close. Then it headed down for hours, rebounding into the close, which was still negative by over 2.5% today when the gap was never filled.
Totals:
Daily record: W-4 L-2-P-1
66%
New users: Read my trading guide for my play set-ups!
Review my blog at Investimonials:
Follow me now on Twitter:
Watch my instructional trading videos on YouTube:
Subscribe to Big T by e-mail:
Subscribe to Big T in a news reader:
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
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