Thursday, March 26, 2009

morning glory

We did a late trade yesterday remember we covered a short at 53  that e sold at 52.90 and went long at 53.05 now it is 728 I sell at 53.65(if i would have waited ten more minutes it would have been $800) for a $600 profit getting back the yard and the ground we gave up and then some. Today feels like gain not much this is like the clam before the storm
We sell all else the same at 54.5-54.26 up at the top of the channel -we are just trading this puppy until it commits but you can still grab well over a thousand through this slow spot. 
Buy swings lower over a point  below 52 and whenever you get  up 500-100 take profits and you better use stops this giant will awaken at some juncture



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