I got a few plays correct on this day...
Hits:
DGII
A late morning red to green from a gap down open kept advancing after holding just above the flat line on a test. It closed positive by over 2% on Wednesday on low volume buys.
ADLR
A gap down open at the hod evenly decayed all day. This closed negative by over 7.5% on Wednesday.
Misses:
VVTV
A fake out loss as this gap down open with an early red to green move overtook 8.50 but failed to hold, gradually falling back under the flat line and beyond. It closed south over 3.5% on Wednesday.
SIFY
A fake out as this looked good early, making new highs. It peaked in less than 20 minutes and began steadily declining. It eventually fell under the flat line outright late. Ended down by nearly 2.5% on Wednesday.
NAK
Another fake out as this looked good over 10 early but could not hold above the flat line even. It peaked in the 1st hour and gradually declined, passing under the previous close and beyond, ending negative by nearly 2.5% on Wednesday.
Push:
NYNY
Almost certainly everyone avoided this one, which looks like a win on paper given the negative finish of over 3% on Wednesday. But it's daily doji like print rose at once after the noise candle, and shorts never really got a chance until nearly the end, when it failed to take out the opening price level for any serious play to arise.
CPRX
I said to keep flat on weakness, and this nominal gap up weakened from the start. Subsequent rallies failed to equal the high realized in the noise candle. It eventually fell under the flat line and kept going, reddening by over 3% on Wednesday.
Totals:
Daily record: W-2 L-3-P-2
40%
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Hits:
DGII
A late morning red to green from a gap down open kept advancing after holding just above the flat line on a test. It closed positive by over 2% on Wednesday on low volume buys.
ADLR
A gap down open at the hod evenly decayed all day. This closed negative by over 7.5% on Wednesday.
Misses:
VVTV
A fake out loss as this gap down open with an early red to green move overtook 8.50 but failed to hold, gradually falling back under the flat line and beyond. It closed south over 3.5% on Wednesday.
SIFY
A fake out as this looked good early, making new highs. It peaked in less than 20 minutes and began steadily declining. It eventually fell under the flat line outright late. Ended down by nearly 2.5% on Wednesday.
NAK
Another fake out as this looked good over 10 early but could not hold above the flat line even. It peaked in the 1st hour and gradually declined, passing under the previous close and beyond, ending negative by nearly 2.5% on Wednesday.
Push:
NYNY
Almost certainly everyone avoided this one, which looks like a win on paper given the negative finish of over 3% on Wednesday. But it's daily doji like print rose at once after the noise candle, and shorts never really got a chance until nearly the end, when it failed to take out the opening price level for any serious play to arise.
CPRX
I said to keep flat on weakness, and this nominal gap up weakened from the start. Subsequent rallies failed to equal the high realized in the noise candle. It eventually fell under the flat line and kept going, reddening by over 3% on Wednesday.
Totals:
Daily record: W-2 L-3-P-2
40%
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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