Long position has been established at 292.9.
SIMSCI 04-Jul-2006: Potential Long
I am looking for opportunity for possible Long position of SIMSCI today. Unless there is any surprising news released, I do not expect huge movement today. Sentiment is rather flat with positive biased. Setup is yet to be completed after first hour of trading.
RE: SIMSCI 03-Jul-2006: Short position: Trade closed
[photopress:SIMSCI_10_min_morning.jpg,full,pp_image] It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher lows again. Short position closed […]
Some thought on the ‘Waves’
I believe there are profitable Elliot wave traders out there. No doubt. Though I have never met any of them yet. In fact, I have met a lot of wave analysts, not trader. I am not an wave trader and I definitely do not have bad feeling towards these wave analysts, I just have the […]
SIMSCI 03-Jul-2006: Short position
Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.
Take stocks 03-July-2006
I saw some interesting stocks trading candidates : -Hengxin Technology -FerroChina -Luzhou BioChem. These counters show me some potential upside for the coming week.
