<img src="http://puddles.humanfund.ca/20101229/spy.png"> <img src="http://puddles.humanfund.ca/20101229/rig.png"> <img src="http://puddles.humanfund.ca/20101229/mos.png"> <img src="http://puddles.humanfund.ca/20101229/cstr.png"> <img src="http://puddles.humanfund.ca/20101229/pot.png"> 9:40 SHORT RIG 68.1 STOP 68.17 TGT 67.976 - SPY gaps up, RIG gaps up slightly - RIG goes red, tight lower high - out +0.14 (xpert cover) 9:59 LONG MOS 72.56 STOP 72.42 TGT 72.84 - Gap and go, tight higher low - out +0.27 14:29 SHORT CSTR 56.24 STOP 56.44 - SPY at the highs - CSTR at the lows, weak all day - out -0.12 14:51 LONG POT 154.23 STOP 153.99 TGT 154.71 - POT and it's sector had been a beast all day - I had originally thought POT was overdone and to avoid it long - POT puts in a big pullback bar but immediately retraces the entire bar. - Given this show of strength i take a long over the last bar using the low of the current bar as the stop - out -0.38 http://puddles.humanfund.ca/wp/2010/12/29/2010-12-29-trades/
In one of the earliest posts by Geez, he used the term 'extended' in the context of 'looking for extended stocks'. Do you guys have a hard and fast rule about how you define 'extended' or is it based on some TA + intuition ?
the latter.. i look for a multi day run up closing at the highs.. big % move over those few days (30+%)