WFR was highlighted in last night's HCPG's newsletter. The first chart is 15 min., followed by 3 min. Early weakness set up a highly predictable move back down to the recent trading range pivot lows. This was followed by a 62% Fib. retracement of the move from ORH to the morning swing low. I wasn't sure how far it would retrace so I partialled out.
4 comments:
nice trade Jamie
Jamie,
Brave man! Of my 19 solar stocks page only wfr had a long entry. All the rest went south. Short solars, shipper today would have fattened one's wallet. Best short charts: nov drys ir pcln fstr aciw. When I read nov ir aquiring...my first thought was SHORT'em. Scottrade server down at the open for 45 min. I watched the sell off. Damn, it looks easy....
Jamie,
cont'd...There should be a way to short/long groups when they move in unison. Thoughts?
Thanks guys,
BL,
IB has basket orders for buying/selling groups of stocks. I've never used it, but sounds like a good way to trade sector leaders.
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