December 7(yesterday) & December 8 (thus far)

I'm late for a customer appointment and can't comment. Maybe more later if I can think of anything to offer.

December 6 (yesterday) & today so far (Dec 7th)

I didn't get to post yesterday's practice-trades in MCP until now. I got to the computer after 1:00 pm yesterday and shorted into a huge upday in MCP to take advantage of a reversal area at 1:35-ish. Also, at days end I saw an opportunity to short for a profit-taking breakdown. It didn't come so I held overnight and was rewarded this morning. I didn't get an opportunity to cover at the 10:00 am bottom because I couldn't sign on to my platform until after 10:30 EST. I expect it to break down more, though one can never be too sure. Certainly not sure enough to hold a short for a long swing-period! I don't know enough about the fundamentals of the recent bid for Molycorp to risk a longer term hold on a stock that ran up the amount it did yesterday.

December 3

I had until about noon to look at the markets and decided to work with LVS. It went well: all four practice trades were clean and no losers. I did exit far too early on the first three because any of them would have been great trades to hold through the noon hour. Hindsight is 20/20.

No matter.

On the fourth, I took a reversal play, exiting quickly considering the primary move of the day was down. Smart to do so because LVS did continue "South" for another 20 minutes or so before consolidating for 2 hours. During that 2 hour period it built a nice "triangle," using the 48.75 - 48.80 area as a base and the 2:20 pm doji at 48.84 as the acute angle/take-off point. An hour and fifteen minutes of almost uninterupted climb took place after that.