View of small caps based on UOB Sesdaq chart analysis can be found in Traderswin Stocks Trading Blog.
We are not impressed by current rebound.
Blog and Rants
Long: SIMSCI 26-May-2006
With both HangSeng and Nikkei stays around 200 point gain. I am interested in looking for Long SIMSCI at 292 level.
Initial stop loss is set at 290.9
Chart will be posted after position is established.
Some view of rebound
Some view of today’s rebound can be found in Traderswin stocks Trading Blog.
Re:Short : DMX Tech 25-May-2006
I am updating the chart of DMX tech. I posted this counter yesterday as a potential short sell candidate. Original posting can be found here.
I am looking at first target 0.74, should downtrend continues. It is normal to expect some rebound tomorrow given today’s loss. And in fact, at the point of this posting, NasDaq has gained 12 points while DJIA gains 51 points.
I am looking at first target 0.74, should downtrend continues. It is normal to expect some rebound tomorrow given today’s loss. And in fact, at the point of this posting, NasDaq has gained 12 points while DJIA gains 51 points.
Thursday Morning Reading.
Here is an interesting article by Robert Kiyosaki
What Ails GM and America
Here is another article of my favourite risk management guru Ryan Jones.
7 Seven Trading Sins and a Rat.
An audio version of Ryan Jones’ article can be found on smarttrading as well.
click on the link for full article.
Re:Pattern Trading : Short SIMSCI 25-May-2006
It was nice to have a descending triangle price setup. Short position was taken.
Position was established at 288 and closed at 286.1 as trailing stop was triggered.
Gain 1.9.
Gain 1.9.
