Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is up, not confirmed though. I hold partial short position over the weekend for trying a new strategy as you can see I’m trying to hold some short-term position now so that if the strategy is OK, you might be able to follow in the future.
I have no idea about the next Monday, could be a bearish Rising Wedge in the forming so after one more push up (may or may not) we might see a pullback then normally should be another leg up which at the current stage, don’t know how far it could go yet.
Enjoy your weekend! Oh, in case you want to ask, no, today is not an All Up Day. Even it is, it has no edge now.
Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.
|TICKER||Entry Date||Entry Price||Share||Stop Loss||Exit Date||Exit Price||Profit||Comment|
|SDS||02/22/2011||$21.05||300||$20.62||Trying new strategy, so still hold.|
|SSO||02/11/2011||$52.87||100||$52.18||02/16/2011||$53.86||99.00||Too nervous, shouldn’t close this.|
|SSO||02/11/2011||$52.87||100||$51.78||02/11/2011||$53.36||49.00||Partial profit to lock SDS losses.|
|SSO||02/07/2011||$52.67||400||$52.10||02/07/2011||$52.84||68.00||Rare case for low risk entry.|
|SSO||02/01/2011||$51.03||50||$49.23||02/01/2011||$51.46||21.50||Partial profit to lock SDS losses.|