monday 05182009
the market hovers so we have to trade
in and out
out and in
long and short
short and long
take a look at the nasdaq bullish pecent and the weekly wilshire both bullish, but both suggesting that the upwards price action
is slowing.
with the bullish% and wilshire where they are i say either step aside or trade brilliantly long.
we could fall, bullish% or rise to resistance or even break-out through resistance, wilshire.
today 05182009 i was very smart with two long 1% positions:
i sold, closed gnw up 10.5% since 05142009
i sold, closed ahr up 10.5% since 05182009( a day trade)
remember, don't look back, ca$h is the king!!
my screen showed me ahr early in am. i quivered getting long. i could have just bought at $0.93,but hesitated.
after 2 hours of watching and salivating at the possibilities i placed an order at $1.15. when my order filled i said to myself, "today is a very good day!!!"
