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Friday, January 22, 2010

NY # 1-5



1-kept hitting the 50sma and shorting
2-same trade 35/36 seems to be a nice support area
3- took a bounce off another support area at 16 broke against me and tested the bottom, i added a position at 04 the recent lows then rode it back up to the original area at 15
4-where i shorted again only to watch it break against me, so i closed with a loss
5- again up to 36 and short down to the Hline at 30. check the 5min charts
Market is very very erratic so i will trade a less lot size and more carefully until something establishes itself. this could easily drop big today....

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