ARO
First red day Supernovae. Finished red over 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the huge red result of Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was medium, range larger. Suspicious short signals at best on those counts, but watch it.
CRC
Watch again. An initial red session Supernovae that rose quite a bit today. Potential fade.
EXXI
Same thing here. Initial red session Supernovae that rose, still up a lot and possible fade play.
REXX
Again, an initial red session Supernovae. Finished almost unchanged. Possible gravy short.
TTII
Another up session, possible fade. See my previous comments.
NVIV
Another initial red session Supernovae. See my comments for ARO above. Similar case. Short.
BBG
A light up day following an initial red session Supernovae. Possible fade on weakness.
BAS
Another up day after an initial red session Supernovae. Still possible fade on weakness.
SGY
An up day in an initial red session Supernovae, potential fade on weakness.
LEU
Another initial red session Supernovae, but still up tons and fell less than 9% today. Potential fade.
EPE
A recent initial red session Supernovae, still up a lot and a possible fade on weakness.
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First red day Supernovae. Finished red over 10.5% last time, so more down side might not be in the cards. If it had fallen much less than 10% then more could be expected as plausible. Always watch day 2 of a busted one. The plan is to play for more reddening on day 2. Conditional entry. A flat, nominally green or red open that immediately sells off on heavy volume or sports traditional confirmed weakness cues is a fade entry. Keep flat on high volume greening or strength, especially early. This is very likely given the huge red result of Wednesday. Avoid entries as a short on big gaps up or down, but down is probably worse. Keep flat on consistently strong price action, like trading above the opening price level after the noise candle. Avoid spike up long scalps, too. Selling volume was medium, range larger. Suspicious short signals at best on those counts, but watch it.
CRC
Watch again. An initial red session Supernovae that rose quite a bit today. Potential fade.
EXXI
Same thing here. Initial red session Supernovae that rose, still up a lot and possible fade play.
REXX
Again, an initial red session Supernovae. Finished almost unchanged. Possible gravy short.
TTII
Another up session, possible fade. See my previous comments.
NVIV
Another initial red session Supernovae. See my comments for ARO above. Similar case. Short.
BBG
A light up day following an initial red session Supernovae. Possible fade on weakness.
BAS
Another up day after an initial red session Supernovae. Still possible fade on weakness.
SGY
An up day in an initial red session Supernovae, potential fade on weakness.
LEU
Another initial red session Supernovae, but still up tons and fell less than 9% today. Potential fade.
EPE
A recent initial red session Supernovae, still up a lot and a possible fade on weakness.
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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