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Monday, August 23, 2010

Later NY trades..

Here are some late afternoon NY session trades i took, did the first one with a friend.
1-the bounce off the 50sma +5
2-price pushed up thru the 50sma i had rest. at 80, shorted there +4
3-the move is now slightly up(because we are above the 50sma) so i am looking to buy into it, was up initially 2 then went against me, i held feeling it would try and stretch up towards 80 +4 and
4-shorted off the stretch in price +2