<img src="http://puddles.humanfund.ca/20100608/spy.png"> <img src="http://puddles.humanfund.ca/20100608/ne.png"> <img src="http://puddles.humanfund.ca/20100608/teva.png"> <img src="http://puddles.humanfund.ca/20100608/bp.png"> 9:38 SHORT NE 27.2 STOP 27.38 TGT 26.84 (2 minute chart) - SPY gaps up and puts in a strong first bar then heads down - NE gaps down and does not retrace much as SPY puts in that bar.. - Look to short quickly on a lower high - out +0.34 11:27 SHORT TEVA 51.1 STOP 51.25 TGT 50.8 - SPY shows strength from 10:40 to 11:00 - TEVA stays weak - I wish i caught that 11:00am lower high - SPY starts to rip at around 11:15-11:20 - TEVA stays weak - Short under lower high - out -0.15 15:11 SHORT BP 34.42 STOP 34.54 TGT 34.18 - Between 2-3pm SPY moves up - BP chops around and ends the hour flat - SPY moves up slowly from 3pm on - BP stays weak - Short under lower high - I could have used .51 as a stop and I would have hit my target - As we moved down fast I moved the stop to b/e quickly - out b/e - Dodged a bullet on this one as the BP dividend announcement came out shortly after my cover http://puddles.humanfund.ca/wp/2010/06/08/2010-07-08-trades/