Posted by asantana on 16th of Feb 2010 at 10:55 am
Thx ditch, I am not in it seeing the stop near 19.80 with
resistance at around 22. R/R just does not look good to me
personally. Wanted to point it out.
You are welcome Santana, another thing has been the lack of
consistancy in the broad markets. If we rally into the close today
and end up 150+ DOW, I will buy a couple shorts as every big up or
down day seems to produce reversals. Also this is Option X week and
they love to run the stops which may be all that is happening
today. I suggest everyone be Nimble or B N Cash.....
MAT-Heads up
Posted by asantana on 16th of Feb 2010 at 10:01 am
Matt,
This was placed on the watchlist with a bo of 21.05, a stop of 10.50 and a trade objective of 13.50. I think this could be a typo
Becareful with MAT, it did
Posted by ditch on 16th of Feb 2010 at 10:45 am
Becareful with MAT, it did breakout but the volumes are low and if it doesn't close near the day's high, I'd bail. IMHO
Thx ditch, I am not
Posted by asantana on 16th of Feb 2010 at 10:55 am
Thx ditch, I am not in it seeing the stop near 19.80 with resistance at around 22. R/R just does not look good to me personally. Wanted to point it out.
You are welcome Santana, another
Posted by ditch on 16th of Feb 2010 at 11:02 am
You are welcome Santana, another thing has been the lack of consistancy in the broad markets. If we rally into the close today and end up 150+ DOW, I will buy a couple shorts as every big up or down day seems to produce reversals. Also this is Option X week and they love to run the stops which may be all that is happening today. I suggest everyone be Nimble or B N Cash.....
The market breadth is good
Posted by junkie on 16th of Feb 2010 at 11:58 am
The market breadth is good so far, this advance may last into tomorrow.
Advances & Declines