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Showing posts from May 30, 2009

Thoughts....

Until we, as traders, understand the simple truth that no one knows the direction the market will take over a specific period of time, we will never be successful. The markets main objective is to destroy everyone. The majority fail because they let it do its thing. If we're going to survive, we have to do our thing by controlling our positions with specific rules and targets. It's important to remember that we are in control of our positions. The market never is. When I take a position, I always assume that I'll be wrong until the market proves it to be right. In the Weekend Review , I broke the short setups into sectors. I hope it makes it a little easier to follow. I also updated a few charts that were failures during the week. They are located at the bottom. I'll have the Spreadsheet with the current levels posted tonight or early tomorrow. I'll have it linked here. Also, I'm a little behind responding to the emails I've received the past couple of da...

Index Watch for 6-1-09:

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Review for Week of June 1, 2009:

Breakout Setups (Click on Symbol for Annotated Chart) GLG GLG Partners AMCN AirMedia Group GNA Gerdau AmeriSteel VMW VMware PFAP Pacific Asia Petroleum KCI Kinetic Concepts VTIV inVentiv Health SPR Spirit AeroSystems WNR Western Refining LIOX Lionbridge Technologies BTIM BioTime CVO Cenveo OSK Oshkosh MVG MAG Silver APL Atlas Pipeline Partners CTCT Constant Contact CLR Continental Resources ARAY Accuray SMOD Smart Modular Tech OCNF OceanFreight ULTR Ultrapetrol CRS Carpenter Tech SGMS Scientific Games ESEA Euroseas VIMC Vimicro IMGN ImmunoGen TELK Telik OPXT OpNext MDAS MedAssets ACXM Acxiom WMAR West Marine NEOP NeoProbe ALJ Alon USA Energy CNTF China TechFaith Wireless LNG Cheniere Energy DIVX DivX JSDA Jones Soda RMKR Rainmaker Systems BPHX Blue Phoenix Solutions IDT IDT Corp NTII Neurobiological Tech GRVY Gravity CSUH Celsius Holdings ETF Setups (Click on Symbol for Annotated Charts) GDX Market Vectors Gold Miners QID ProShares UltraShor...