Tuesday, February 5, 2008

Trading for 2/06/08

Well, today was a terrible day for longs in the market. Needless to say, none of my long picks from last night triggered. FSLR though, which I mentioned was looking bearish, proved to be a great short today. DEPO showed why low volume breakouts should not be bought.

I think this is the start of another downward thrust which will test the previous lows. But hey, thats what everyone is saying. I will look to get positioned in TWM or DXD, which are double the inverse of the Russell and Dow.

My buy signal will be when the %K and %D lines of the slow stochastic cross 20.

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