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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: r.edwards who wrote (24387)9/1/1999 1:21:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 99985
 
Well I obviously sold too early but it was just an ugly trade all around. I knew the dip was coming and since I had a bad fill, it went against me right off the bat etc, I decided to get out and calm down. I got a phone call and missed the re-entry on some 715s which would have been a real nice trade from 4 1/8 to 5+ but that is life.

I am now watching as we approach the area where the H&S should finish out. If the H&S is for real, we should start rounding the top off here as we approach the 700 OEX area.

Part of me wants to go long for a scalp day trade to make my commissions back and the other part of me wants to get short for the right shoulder completion. It is tough to be schizophrenic <g>

Good Luck and congrats on your trade.

Lee