Wednesday, May 13, 2009

Prepare to cut

Bad trade on long sides with URE positions. Will find a point to get most of my long positions out!

Wrong is wrong!
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7 comments:

  1. AnonymousMay 13, 2009 at 2:11 PM

    if the trend does not change, is it necessary to cut the loss?

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  2. Pivot TrendMay 13, 2009 at 2:32 PM

    That is why I would like to find a proper point to get out. But so far, I didn't find one. Still holding them.

    ReplyDelete
  3. AnonymousMay 13, 2009 at 2:45 PM

    880 holds well and OE is coming. I would assume a decent rebounce tomorrow. So what does your system suggest? thanks

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  4. AnonymousMay 13, 2009 at 2:52 PM

    I have posted several charts on why I think the market will go back to March lows. Great blog btw. www.mikevadon.blogspot.com

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  5. AnonymousMay 13, 2009 at 2:58 PM

    I think there is no doubt that we will go back to March low. However, it doesn't mean we will go south now. The resistence still holds pretty well and it is OE week.

    ReplyDelete
  6. Pivot TrendMay 13, 2009 at 3:03 PM

    Micheal, great charts on your blog. Thanks for sharing.

    ReplyDelete
  7. Pivot TrendMay 13, 2009 at 3:07 PM

    My system remains BUY. This is a risky trade, but I did it. Double URE position at $3.27, with a tight stop.

    ReplyDelete

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