Da Bulls!I had to close my IWM and DIA puts for a medium size loss that was just irritating. The irritating part was that I was trying to call a top or anticipate a much needed pull back. Sometimes that makes you look smart, predicting the future accurately based on your analysis of the market, BUT most of the time it reminds you that you are an idiot and you know better than to try and predict market direction.
CG- I entered into a bullish position on this Bull Flag pattern. Some like to wait for the breakout and others( me ) like to anticipate the breakout with a tighter stop. I like to go in small and add to the position as it develops.
IIG - I had bought some stock a couple days ago on the re test of support looking like it was going to hold, looks like it did today.
AMR - Well if CAL is just the best looking thing ( my PUTs are up 30% ) then look at its partner, AMR. The stock also sold off on earnings news and headed straight for the FIB retracement line and diagonal support. Is there more selling to come? Keep an eye on this one, A very good short candidate.
This is at a perfect point where risk to reward is at its lowest point TTI. A stop is clear.
I had an order in and did not get filled, I should have chased it a little. This is a great pattern and a take over candidate. Nice volume.
p>
No comments:
Post a Comment