my trading...

reid5525 · Jan 24, 2005

ARBA broke above prev high nicely, but it's a little too early for me to trade.

reid5525 · Jan 24, 2005

COCO pulling back on heavy volume after a huge gap up. Not a good short yet.

reid5525 · Jan 24, 2005

Quote from karol88:

true, I went short SYNA at 37.27 after the stock failed to match the second top....and actually I decided to keep it overnight...see what happens monday...

I see SYNA is down at 35.76. Nice short.

reid5525 · Jan 24, 2005

Quote from reid5525:

COCO pulling back on heavy volume after a huge gap up. Not a good short yet.

Best to short stocks that break below the prev day's low on heavy volume.

sobemark · Jan 24, 2005

Quote from billydakid:

Sobemark, what do you use the 3ma for and what do you use to determine your exit point?

3m charts work best for me since i like the factor of 8 for my long MA ..

3 x 24 SMA on a 3min w/ env bands ...1% offset SMA

exit strategy is a snap back into the channel and a test of the 24 MA from the reversal ..

karsat · Jan 24, 2005

Guys any idea whether short term bounce is about to happen or further bleeding in nasdaq?

reid5525 · Jan 24, 2005

FOXH popped out of consolidation and ran up to just past 31.00. A nice, quick profit for those that had it. ANPI broke above prev high (17.98), but pulled back to 18.00 and basing there. Forget about it.

karsat · Jan 24, 2005

what do you guys thing long on MERQ after 42?

reid5525 · Jan 24, 2005

Quote from reid5525:

FOXH popped out of consolidation and ran up to just past 31.00. A nice, quick profit for those that had it. ANPI broke above prev high (17.98), but pulled back to 18.00 and basing there. Forget about it.

The above corrected to ANPI. Mistakenly typed ANIP.

reid5525 · Jan 24, 2005

The market has gone to sleep, my streaming breakout alerts are coming in slow (means weak to the upside), and CBSMarketWatch is saying "Gains turn slippery". Nothing to do now except watch the index.