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  • Wednesday, August 10, 2005

    NEW Shorts:Update

    NEW really got clobbered today.I took quite a few trades in it as you can see,maybe it would have been better to hold it all the way down,some would say,but I don't mind the scalping.I had MACD trending down on all the trades on the 5 minute and 15 minute charts,and just starting to turn on the 60 minute chart.Every entry I had a minimal risk of only .03 cents. I had trend,MACD,and large orders stepping down, the three things I always look for when taking trades.Also the SPU5 was breaking down.I didn't point out every trade in the chart since there were quite a few.Nice to have a stellar day when the markets crumbling. :-)


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