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  • Thursday, July 14, 2005

    WLT Short sell

    Took WLT short with all signals clear.Shorted off of a 5 period moving average. This was what some might call a 3 lane highway setup.All my charts were in sync, MACD was trending down, and market was trending down.Shorted at 42.33, covered at 42.00. Might have covered a little early, but a profit is a profit.These are the kind of trades you have to be patient with and wait to pounce on.My entry was a little late,but I also like to see big size come in and drive the stock down, along with several charts lining up, a good chunk of the move was still captured.


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