Monday, April 19, 2010

keep missing:

I flagged HUM and MON as longs -- they both went higher.

 Then I played around in SRS - got stopped out twice, third  time WAS the charm - but I didn't hold long enough to offset the losses.

 What I could have done better was look at the chart and define resistance - it topped out 4 cents above the 20 day MA -- a simple backtest.  That would have gotten me in perfectly.

 leaders are weak, XLY is weak -- this is a corrective market.  The best ppl I follow are raising cash.  I will not fight the trend.

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