Tuesday, January 15, 2008

Long Turned to a Short 1/15/08.

Great example of how mid trigger you can get a beautiful trade opposite if what you anticipated. Take a look at STP on a daily, it was gave a nice trigger for long, but there's always the possibility that a new trigger negates the original.

This turned out to be a nice short. A short term short, but a short none-the-less.
Looking for a retracement today to enter short.

BPL, also a nice short as anticipated, but BIG SPREAD and no volume.

Mark

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