Monday, April 18, 2011

18th-April-2011–Getting off from the dragon.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

 

41.00

 

 

 

Nice cup of coffee

10 Days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

  1. All 3 indexes have successfully rebounded from their daily chart of 50MA and 20MA lines. Same for their intraday charts.
  2. FAZ intraday has started to get weak and began to sit on the 20MA line.
  3. C, BAC and GS are starting to came down to their support lines.
  4. VXX is again at double bottom and it looks like more potential for it do go lower rather than rebound.

 

Lesson Learnt:

 

  1. Let's take some profit from the table first for FAZ. This dragon is pretty hard to handle anyway.

 

Intraday Chart

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Historical Chart

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