Trading breakouts

Discussion in 'Strategy Building' started by gifropan, Jan 12, 2010.

  1. GG1972

    GG1972

    #101     Apr 6, 2010
  2. GG1972

    GG1972

    Had a tight stop on AAPL at just below 141.50 -it resisted it a lot but got stopped out, too bad never shorted it as it eventually fell almost $2 from there. MA stopped out at 256 too.

    Everyone on fast money was touting the commercial real estate names yesterday when they were up big yesterday-comeplete reversal today all bearish engulfing BXP SPG VNO VNQ SLG -if this is an interim top forming then these names would be looking pretty good shorts. Last time top formed few names gave quite good an indcation-this time its been RIMM so far, if we can add a few more names to it we can start looking at shorts same was as breakouts-just an upside down chart, I dont like calling tops as everytime there has been plenty of time to catch a top with the amount of screen time we put it.
     
    #102     Apr 8, 2010
  3. GG1972

    GG1972

    STT
     
    #103     Apr 13, 2010
  4. maybe not...
     
    #104     Apr 14, 2010
  5. GG1972

    GG1972

    I picked up some today at 47.10 will add more eaither around 46.50 or if it turns around and runs over 48

    easy to be brave when CREE +$3 rig +$3 JPM(biggest position) up+almost3% for the day.

    So many people calling for a top*sigh*
     
    #105     Apr 14, 2010
  6. Nice move today, Lets see if it can move as much as it did in the previous run up.
     
    #106     Apr 19, 2010
  7. is the OP of this thread no longer trading this method?
     
    #107     Jun 14, 2010