I will look to add if the S&P fails to hold its 20 dma/uptrending bottom line of its channel which I have drawn here:
Wednesday, May 20, 2009
FIT didn't trigger, FAZ grabbed a starter
The FIT trade didn't trigger and I will continue to watch but remain cautious there for now. I did however grab a starter in FAZ at 4.7 which I got pretty lucky with my timing. I took it as the SPY neared 93 and saw many of the banks began to rollover.
I will look to add if the S&P fails to hold its 20 dma/uptrending bottom line of its channel which I have drawn here:
I will look to add if the S&P fails to hold its 20 dma/uptrending bottom line of its channel which I have drawn here:
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6 comments:
What do you mean by set for a correction ?
Oh and also, why FAZ ? Could you explain what make you choose this one ?
where have you been man???
He is getting maried imo
Was long FIT since cople of time
Today' stop loose trigerred at 4.50 (was upping it)
For a 33% gain over say cople of week
Thank Mr Jax and hope you gonna post some more good pics ! (from now market stink, Im 100% cash or so)
Squishee
* 5.50 and not 4.50
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