Tuesday, April 14, 2009

Added to FAZ

Added other 50% at 9.28. So far, this is the exact low of the session. I have never managed to buy the exact low of a session (or close to it), so this is a first for me. I have definitely sold close to the lows of a session with stupid stops, so this is a very nice change. Market continuing to weaken, internals are slightly weak, selling could pick up if panic sets in. By 'panic' I do not mean real panic, just some simple profit taking panic.

Update: My stop is at 9.2, which should give this enough room to work.

Update: Stop at 10.1. I will get more aggressive with my stops starting tomorrow. If there is a 3+% gap down tomorrow, I will cover early in the morning.