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Thursday, July 23, 2009
July 23 - MOS
This was a very nice cup and handle play that extended to the 50% ext (lines drawn from the bottom of the pole to the top of the handle. The entry also coincided with the break of a PP.
Hey Jamie~ POT was a beaut too. What is this, the 12th green day in a row? WOW... I have a question regarding "expectations" as in expecting a pullback and how that affect your trading. I'll try to formulate it clearly in my head and I'll ask it at your blog. Cheers,
Today was a short squeeze because the S&P broke out of that inverse H&S base (weekly chart that I post on weekends). After hours, futures much lower on weak earnings.
5 comments:
Agchem fell into support on the open and buyers stepped up. Momo moves all round. Nice work with MOS! I traded POT.
Hey Jamie~
POT was a beaut too. What is this, the 12th green day in a row? WOW...
I have a question regarding "expectations" as in expecting a pullback and how that affect your trading. I'll try to formulate it clearly in my head and I'll ask it at your blog.
Cheers,
Anarco,
Today was a short squeeze because the S&P broke out of that inverse H&S base (weekly chart that I post on weekends). After hours, futures much lower on weak earnings.
Nice work..it pays to have a commodity WL...and know what your doing.
Thanks Jamie and BL!
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