Thursday, April 2, 2009

we did one trade today

i know we are used to making  a lot more kids but honestly we worked for 10 minutes today and pulled in $462.50 after commissions i say we because 5 minutes before the trade I gave you a chance to set up your offer then i guided you to both play it safe with a stop a quarter above and told you to roughly place a bid down half a point i then eight minutes later had you adjust your bid exactly to 52.40 and a minutes later our bids got hit. it immediately traded back up to 52.75and back down to 52.25 before settling here at 52.37- You can't get it spoon fed any easier
I plucked the high point and we we sold- I have the flu you could have inferred on your own today to buy -when i told you we were going to check in later and sell but up at least 1.5 points-we saw a break through the pivot on the gap up- but we were not going to pay close attention because i need to rest to get better- there is resistance up here at the 52.87 area but I would not be shocked at all if we test the top of the channel in the very near future-so we will probably try to make a few turns tomorrow with stops and when it blows through hopefully we will  already be up a grand at least before we get bit for a $250 stop out.  Check the chart I urge you  this buy channel has and continues to be an awesome tool for market timing.