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

Tuesday, August 17, 2010

August 17


No time to comment on the chart.

Monday, August 16, 2010

August 16

Around lunch time, I looked in on the markets for a couple hours. TNA was moving so I focused my attention there.
I was wrong on my first read, going short at the $36.15 S/R level. TNA continued its rise and instead of stopping out, I added to the short at the $36.62 S/R area.
Well, wrong read again... up it went. In the $36.90 area, it seemed that momo had waned and I then hit it harder with three more trades short. I then waited, unwilling to short anymore. After a protracted consolidation area, the break came. Being late for two customer estimates, I scaled out into the initial strength of the move.
The move continued for a while after I was gone, bottoming out about an hour and ten minutes later at $35.44.
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Sunday, August 15, 2010

August 13th Friday

No trades, no time in front of the computer at all. Busy with the day-job...