Cobra's Market View Private Messaging System shows:
The bottom line, the short-term trend is down. I hold trapped short position over the weekend.
I have no idea about the next Monday, except from the chart, it looks like still missing one more push up to test the morning high as you Earth people always like to try twice before trying the opposite direction. By the way, seasonality starting from the next week becomes not so bull friendly.
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|
|SDS||03/16/2011||$22.81||200||$21.85||03/16/2011||$23.36||110.00||Theoretically, should keep 03/14 short.|
|SDS||03/14/2011||$22.01||200||$21.02||03/15/2011||N/A||N/A||Network problem, didn’t take the trade.|
|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||03/10/2011||$21.82||231.00||Close all as per new strategy.|