A 70k bet that I can't make a 50% gain in 2009

02/27/09:

Friday a.m.:

The indexes do not look that strong anymore after the selling wed. and thurs. could not hold the move up from tues.

That being said I am going to watch RMBS and GLD long today.
RMBS: gapped up on the daily chart and has 2 days of small selling, may be ready to continue moving higher.
GLD: Pullback to a poss higher low on the daily chart and is in an uptrend.
I'm not looking to swing trade these 2, just looking for good daytrade opp's.

Good trading all!
 
Quote from geez:

02/27/09

10:15 800 RIMM BUY 40.28
STOP 40.03
TGT 40.78


RIMM made a much stronger move up on the 5 min chart from the open than QQQQ, pullback 2 bars (10:05-10:10), then started to rally again. Playing the higher low after a strong move.
 
Quote from geez:

RIMM made a much stronger move up on the 5 min chart from the open than QQQQ, pullback 2 bars (10:05-10:10), then started to rally again. Playing the higher low after a strong move.

should have played AAPL, same setup and it's rockin out....
the beauty of trading
 
Quote from geez:

02/29/09:

14:15 800 DIA BUY 71.75
STOP 71.50
TGT 72.25


Playing the higher low on the 5 min chart, within this base. If it breaks to the upside and takes out 72.00 it looks like the next resistance is 72.45, so the tgt is attainable.
 
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