Flipped short
#1
Posted 27 December 2006 - 04:18 PM
#2
Posted 27 December 2006 - 04:38 PM
Edited by hiker, 27 December 2006 - 04:41 PM.
#3
Posted 27 December 2006 - 04:58 PM
CLK..I closed AAPL long near 82...turned out to be a nice daytrade...horizontal zone 82-82.50 was first resistance target. could have been a good short entry there, but did not like the risk/reward for a short yet.
I am long OATS...will hold into next year unless stopped out....double bottom in play? needs to move above 14.70-.90.
UPL had a good move up today off the swing low put in this week.
Hiker,
Good trade on AAPL, I don't like shorting anything after a key reversal day.
No opinion on OATS right now.
I still think there is more downside to the market somewhere soon,
leaders don't come apart for nothing.
#4
Posted 27 December 2006 - 05:47 PM
#5
Posted 27 December 2006 - 05:48 PM
Here is why I'm staying short RIMM.
#6
Posted 27 December 2006 - 08:47 PM
CLK..I closed AAPL long near 82...turned out to be a nice daytrade...horizontal zone 82-82.50 was first resistance target. could have been a good short entry there, but did not like the risk/reward for a short yet.
I am long OATS...will hold into next year unless stopped out....double bottom in play? needs to move above 14.70-.90.
UPL had a good move up today off the swing low put in this week.
Hiker,
Good trade on AAPL, I don't like shorting anything after a key reversal day.
No opinion on OATS right now.
I still think there is more downside to the market somewhere soon,
leaders don't come apart for nothing.
OATS needs to get above the blue TL. Looks like a consolidation right here.
One thing I don't like is the 10 over 54 cross on the weekly, looks bearish.
PnF has it to 10.
Still has a chance for now though.