03/04/2011 After Bell Quick Summary


Cobra's Market View Private Messaging System shows:


The bottom line, the short-term trend is up. I hold both long and short over the weekend (New Strategy – try to hold as long as possible, so I still hold the short).

In the intraday comment, I said that bears are losing unless we see a strong follow-through the next Monday which I don’t hope much as the chart below doesn’t look bearish at all. On a little bit longer than short-term, as I mentioned in last night’s report, beware of reversal of reversal of reversal before an important top, which till now looks very much like so.

1

Enjoy your weekend!

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
SSO 03/04/2011 $53.01 100 $50.84  
SSO 03/03/2011 $53.33 100 $51.52 03/04/2011 $53.49 16.00  
SDS 03/01/2011 $21.37 200 $20.62 03/01/2011 $21.76 78.00 New strategy, half positioned.
SSO 02/28/2011 $53.09 100 $52.20 03/01/2011 $53.69 60.00 New strategy, half positioned.
SDS 02/22/2011 $21.05 300 $20.62 Trying new strategy, so still hold.
LAST 691.00  
SUM 845.00  
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