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Wednesday, May 03, 2006

Wednesday's action

posted by Tom C:

Sorry guys - I had a cable outage this morning, and rather than play "catch-up" I elected not to trade.

Post any trades or thoughts in comments. If I see anything really good, I will try to post a chart.



Dave C said...

You really didn't miss much. Today was a rather bland trading day.

Zoomie said...

Shorted MOS on break of 3rd bar low. Long ANN off break of 5th bar high. Long ABK on break of 5th bar high. I had my finger on the trigger for fib extention play of MMC, above 9th bar. I didn't play it as I saw 34 ema just above. Would you have played it Tom?

Trader-X said...

posted by Tom C:

re: MMC - I don't see where it came close to the Fib extension...it didn't make it up to the previous day's high.

NoGreedNoFear said...

Nice trades Zoomie.

Another nice one would have been MOSY for a nice entry at the break of the 3rd bar high. It touched the Fib. ext. and came right back down.

Zoomie said...

Tom, sorry, I meant Fib retracement as it showed strength above $30.17.