Thursday, March 02, 2006
03/02
Market was still strong today, it get back most loss in the morning.
IWM put/call ratio almost 20:1. Are people nervous or just over-bearish?
Bears failed to gain traction once again, even as oil and long-term rates rose. I expect stocks to make another push higher soon on another round of short-covering.
IWM put/call ratio almost 20:1. Are people nervous or just over-bearish?
Bears failed to gain traction once again, even as oil and long-term rates rose. I expect stocks to make another push higher soon on another round of short-covering.
Cut lose, and let winners run!
1. when you have a lose trade, or you feel something wrong, get out! Admit you're wrong, and you have lot of other opportunities to get your loss back.
2. Somebody recommends that cut your lose when it > $100
3. cut lose and stay in the game!
2. Somebody recommends that cut your lose when it > $100
3. cut lose and stay in the game!
Trading by pattern
1. Rules
A. head : when a head formed and stock starts to go down ===> short
B. bottom : when a bottom formed and stock starts to go up ===> long
C. box
C1: in at bottom, stop 0.1 below bottom, sell around high ceiling
C2: short at ceiling, cover around bottom
C2: when box broken, follow the trend
D. trend broken: follow (remember to draw trend line)
A. head : when a head formed and stock starts to go down ===> short
B. bottom : when a bottom formed and stock starts to go up ===> long
C. box
C1: in at bottom, stop 0.1 below bottom, sell around high ceiling
C2: short at ceiling, cover around bottom
C2: when box broken, follow the trend
D. trend broken: follow (remember to draw trend line)
