Day: May 18, 2010

      today was nasty..The market on the gap up reversed course.  After yesterdays close a gap up is typical.  The level and speed of the reversal was a bit surprising but in Down Trending markets almost all rallies are faded.   As I mentioned in the blog in the morning I will be trimming …

Read more5/19/2010 gameplan

      Nice close yesterday…. Seems like a deadcat bounce but its hard to tell unless its in hindsight. For now ill keep playing this range we are in..  Load up positions on dips closer to 200dma and sell closer tothe 50dma.  Easy enough. Still keeping more than 50% cash as we are in …

Read moregameplan 5/18/2010