GamePlan Thursday 8/20/2009 | Bulls on Wall Street

GamePlan Thursday 8/20/2009

Well the action on the SPY yesterday was nothing special.If anything just looked like a low vol deadcat bounce. The bulls couldnt up enough courage to do some real buying.

I have this eerie feeling something big is going to happen. not sure what but I know. Kind of like that feeling when one of your not so good looking nice friends has a really hot girlfriend. You just kind of know that she is getting tagged by some tatooed NBA shooting guard.

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My gameplan for swingtrading is to just chill till we pullback to some support levels or we get so overbought I must short.

In the meantime I am looking at some quick hitting plays in China and I am seeing a couple interesting bullflags for some quick scalps. If you look at a lot of the Chinese smallcaps they have pierced their lower bands and are starting to hit some extreme oversold levels.  I will use small positions and be  in an out quickly.

Check out some of the chinese solars or ag stocks. Been pummeled they are due for a couple day snapback. The odds on these plays arent good but I will keep my risk small by trying to find some near support.  Once again there is a good chance I just get stopped out but the loss will be minimal

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YGE has the same setup if you can get 10-10.50. JRJC too. Keep stops tight. Tight Tight. Dont be stupid and if hear a horror story I possibly might shoot you. Or ask your for a dollar to make pennance. Or make you babysit @jweaving for a night while he drinks scotch.

Oh yeah for you weenie daytraders and flagfuckers. Here is one for you.

HRZ—-some nice volume kicking in also.

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