9/22/2011 gameplan/watchlist | Bulls on Wall Street

9/22/2011 gameplan/watchlist

Morning folks. Market gapping down very very heavy today.  We are back in bear market trading from 2 weeks ago.  You guys know the drill. NO overnight positions to the longside ANYMORE. if you hold overnight it has to be small and to the shortside and only if you have a profit cushion in thje stock to handle a gap up in the market.   The market did not get what it wanted from Uncle Ben yesterday and we are back to going to the bottom of the range.  Its very important to stay defensive next few days no OVERTRADing.. no cowboy stuff.  We’ve tested teh bottom of the range a few times now.  The more times you test an area the harder the break becomes if it doenst hold.



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