Tuesday, October 4, 2011

Turnaround Tuesday..

We had our Tin Tin Setup today again.. Again the 3 pm ET time, the buy program came in fast and furious and turned the overall down day into a 4% up day.



As yesterday we had around 1500+ stocks down on PNF chart.. Today similar number of stocks were up.
You can follow the link below to track these numbers and stock names.

http://stockcharts.com/def/servlet/SC.scan?s=TSAL[t.t_eq_s]![as0,20,tv_gt_40000]![yo_eq_1]&report=predefall

I added a short position on VXX and long position on SPY in ETF portfolio and long positions in AMZN call and covered the short MA position with $22 bucks profits. I will update my spreadsheet to reflect this. Since this rally is from extreme value and gauging its fast and furious intensity it felt like chasing a fast moving train to latch on due to my TOS platform settings defaulting to limit order. I was not filled twice and then I finally hit the market and got filled. Due to this ferocious move, the H/S pattern is bit negated and market can move up from here  but as I said this morning.. Watch the Road ahead

Remain cautious and protect your profits.  Good Night.. 

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