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Message: Re: Nerves--Klaus

Jan 19, 2011 01:22PM

Got stopped out this morning on both XGD and ABX. Whenever I try something this shaky, I use a trailing stop. So I'm out with a small profit. If I hadn't been so busy this morning, I would have sold some on the initial gap up. The 3rd day gap up and drop is a common pattern during a downtrend bounce.

The bottom may still be in, but now we have to wait for a higher low - it's a coin flip, and since I don't trade coin flips, I'll wait from the sidelines.

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