So would you filter out taking longs based on the SPX 15 not
getting over key Res eg GTi this morning?
Also I thought HTM went through breakpoint late fri but looks
bad this morning - would you set actual stops on a fairly thin down
move, perhaps below a cluster of key MAs , or would this just be
asking for it in a small stock?
kreem- yes in this market, it's a good ideas to trade light and
nimble, we are probably nearing a tradeable bottom however
bottoming is a process and the process is very choppy. HTM was
posted on the BLOG late on Friday and then I put it on the Watch
List late Friday. It subsequently went a few pennies and today is
down. Personally I dumped HTM this morning for a slight loss. I
probably shoudn't have put HTM on the Watch List on Friday because
that
big volume barwas suspect because it was being added to the Russell
3000.HTM needs to hold above that 50 MA otherwise I'm
going to remove it. I highly doubt many if any here bought HTM
since it was late on Friday, which is a good thing.
GTI, HTM
Posted by kreem on 30th of Jun 2008 at 10:41 am
Hey, Matt and all,
So would you filter out taking longs based on the SPX 15 not getting over key Res eg GTi this morning?
Also I thought HTM went through breakpoint late fri but looks bad this morning - would you set actual stops on a fairly thin down move, perhaps below a cluster of key MAs , or would this just be asking for it in a small stock?
Cheers, big ears
kreem - yes in this market,
Posted by matt on 30th of Jun 2008 at 11:04 am
kreem - yes in this market, it's a good ideas to trade light and nimble, we are probably nearing a tradeable bottom however bottoming is a process and the process is very choppy. HTM was posted on the BLOG late on Friday and then I put it on the Watch List late Friday. It subsequently went a few pennies and today is down. Personally I dumped HTM this morning for a slight loss. I probably shoudn't have put HTM on the Watch List on Friday because that big volume bar was suspect because it was being added to the Russell 3000.HTM needs to hold above that 50 MA otherwise I'm going to remove it. I highly doubt many if any here bought HTM since it was late on Friday, which is a good thing.
friday late trading was skewed
Posted by dylan398 on 30th of Jun 2008 at 10:48 am
friday late trading was skewed by Russell rebalancing...