Wednesday's action
posted by Trader-X:
Be careful out there...the bottom seems to be falling out of a lot of the stocks on my watchlist. There were some "quick hits" on shorts in LPL, SI, and SAP; others seem to be teetering on the edge of a cliff.
Good luck, post your comments, and I will have a chart or two up tonight.
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Tags:
Trader-X
Be careful out there...the bottom seems to be falling out of a lot of the stocks on my watchlist. There were some "quick hits" on shorts in LPL, SI, and SAP; others seem to be teetering on the edge of a cliff.
Good luck, post your comments, and I will have a chart or two up tonight.
__________
Tags:
Trader-X
4 Comments:
FFIV nice quick hit......Its dangerous out there....
Wow, a lot of supports are being broken here (Nasdaq is negative for the year!!). I think we're going to be staring down the mouth of the bear for a while.
Good luck to everyone and remember to obey your stops!
Short SI on break 7th bar low fib extention 30 min chart, Short N on break of 2nd bar low, 30 min chart, short CCL break 2nd bar low 30 min chart,and short EMC break of 8th bar low 30 min chart. Still need work on my stops. Missed CAT as I was waiting for a limit order....doh, break of 3rd bar low 30 min chart. With that kind of liquidity in CAT, what was I thinkin? Hope y'all had a goood day.
Oh, ya, any comments more than welcome!
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