Responses
Sorry - yes, that was a typo on GE, as it should have been 80 and not 60. For those who don't know me from previous posts, I have a mild lexia, (but not dyslexia), and on occasion I mess up. Please don't hesitate to correct/question me on it, as it probably is my mistake and need to correct for lurkers/etc. I will never take offense as my first assumption is that I didn't proof well enough.
At any rate, the stop on DELL is where the local maximum was before 11 - if it crawled up past that, then I felt there would be substantial upside opportunity for the day. But, like GE (which was set higher due to the momentum needed to carry it further up - making it an onvernight hold as well), it needed a regular bid/ask spread to justify entry even then. If the market started fluctuating about now (2 - 2:30) then I was going to abandon them for the day. Now I will revisit the markets about 3:30 and see if things are selling off or moving up for potential second day gap (will sell at open if it does).
By the way, nice photo/article about Tim Luke in the Wall Street journal today - online trading section. Hint: Luke isn't his last name.
but then, shadow isn't mine...in Lakota Sioux, it's 'last' <g>
lastshadow |
