The diary of a market speculator who trades stocks and commodities using technical analysis, chart patterns and trend following methods. I can be contacted at SinghJD1@aol.com
Wednesday, January 13, 2010
Today's Trades: CAT, UAUA and TOL
I entered half positions in UAUA, CAT and TOL today. There are a number of good looking pullbacks, but they could get stopped out if market pulls back, and there is room for pullback before support hits.
That is why I took half size positions.
I also took profits in my last trade, short ACI based on the overbought setup.
That is why I took half size positions.
I also took profits in my last trade, short ACI based on the overbought setup.
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