Friday, March 27, 2009

Choppy Friday

FSLR forming a continuation symmetrical triangle. Today, in early trade, it formed a base at the edge of the retracement zone of the PDH/L for a nice thrust back up to resistance of yesterday's shooting star.

SOHU and IDCC - inverse C&H - very slow and wide spread at times, so cover in the retracement zone because there's support from previous days.

I shorted the failed BO of POT. Covered when it broke back above narrow base. Re-shorted the ambush (62% retracement). Partial on hiccup at 50% FE and covered on higher high. Then it formed a H&S top and ripped 2 points lower, but I wasn't there.

6 comments:

bl said...

Jamie,
Nice FSLR trade:downgraded with stp tsl. Awesum options the previous day, and today. Fertilizer news, Upgrades: agu cf tra MOS. Upgrades that were up at the open: nvls genz jcp cag arb. Interesting...

bl said...

edit: not genz(perhaps sympathy)...AMGN

Jamie said...

Yeah, AMGN upgraded from neutral to overweight at JPM. GENZ initiated as a Buy at Piper

Jim said...

bl,

I traded MOS on Friday. Long off the 5th 15m bar above the Feb PP high (daily). Reversed when it failed at the morning high (evening star and M formation). Good for move back down to the ORL plus some.

TraderLars said...

jamie i love nice long vacations.... have a grrrrreat time...

Dinosaur Trader said...

May 15th? Holy friggin cow!

Have fun you slacker.

-DT