Thursday, 10 December 2009

Trades 10/Dec/2009

BAX (rise thru prev day high)

Bullish advance which was (imo) petering out. The 6th was doji potential reversal and 7th NR7 lower high and our short trigger. Looking at the chart now it seems a crazy short trade, but at the time I thought it was worth a shot :-). Stopped out for a loss.

No other trades. Hope you did better.

1 comment:

bl said...

10+ health CO'S did the same today : rallied at the gate with a WB. I think your better off with a Health WL: insurers, pill providers that react daily to the gov't news. Pull up a 10 day 30" chart of CI HUM AET BDX EW BAX WCG BCR ZMH STJ etc. Unreal. They just run the stops up and done, and, or group rotation. They did it with coals yesterday. Different type of trade, imo.