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Thursday, April 24, 2008

Time 2:24

Trading Technique: Can't force it...

If I can't find an idea that fits my rules than don't force it and try to weaken t he rules. Just be patient the next great chart is right around the corner or the market is about to sell off cause no new leaders are emerging.

Stocks: TITN, CENX

TITN is hitting stop loss of $21.5 on volume. Selling 1/2 on VWAP to close holding 1/2 to see if it holds 50 day. This stock is very volitile and EPS are on Monday.

CENX is reversing and is right above stop loss of $68. EPS are in the next couple of days and I don't like the development of the chart on the volume sell off today.

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