Thursday, May 9, 2013

May 9 - half day

Caught this entry.  Need to let it ride.

Right down to the tick where it bounced yesterday.

/tf surprisingly, best morning move was a short to support
Should clarify.

The confirmed entry was the TL break but one could have attempted a responsive entry much earlier on the 3rd touch.  (always the 3rd touch) and gotten the entire move. 

Internals were weak from the start.  It's all fumes and QE keeping things running and the excitement of GMCR and TSLA burning shorts to the ground.  But the internals got you a nice short and another one in the afternoon that fizzled. 

As long as your timeframe is intraday, shorting is just fine. 

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