Friday, May 19, 2006

In Play

These markets are incredibly weak. Longs have to be very cautious and breakouts are to the downside.

Short TZOO on a break of yesterday's AH low - entry price $31.10. Covered 100% at the $30.00 support level.

Long FLSH on break of the pre-market high. Sold entire position at the 10:00 reversal time due to market instability. Re-entered at support $36.05 and was stopped out.

I'm thinking I may cut this session short because all of this volatility is too difficult to read.

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