"A man is not finished when he is defeated. He is finished when he quits."

Saturday, March 12, 2011

Week of March 6-11


Wed & Thursday. I went all-in short of NEM at the close on Wednesday after it ran up like crazy through the final hour and into the close. At one point near EOD, the stochastics were over 99 in overbought territory !! (100 being the highest) With that much froth, I knew it had a huge probability of reversal at the open. It didn't hurt that the markets were big gap-down at the open on Thursday.

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