Thursday, May 5, 2011

Hold confirmed.

4pm: We were very, very close to another buy signal. I would like to see a nice gap up tomorrow to confirm, so to speak... As I mentioned a few posts ago, many of my buy signals are followed by gap ups, thus seeing one tomorrow would make me feel better about this long trade working out. It would be even better if the gap doesn't fill in the first hour. Good evening!

1:34pm: TNA is holding up well today, although the S&P is down. The system is generating a hold signal. I'm getting a little nervous here that we may continue to fall down to 1320 or even 1300 the next few days. On the other hand, being anxious is probably a good thing. They say the most uncomfortable trade is usually the correct one.

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