Wait For A New Clear Signal

April 19, 2010 by  

On Friday we saw significant profit taking after 6 weeks of  stair stepping higher trading. Many strong companies were affected.

Although the sell-off appears to be related to the latest financial news, bear in mind that we expected some profit taking after recent days of buying and prolonged overbought indicators.

It is easy to be overcome by emotions and give in to the temptation  of jumping onto  the moving train not knowing when the train is losing steam and the ride is over.

This is a  time to protect profits on existing trades with trailing stops and wait for new clear entry signals based upon a sound trading plan.

This week we will watch and see whether there will be more profit taking and then resuming of our upward course. We will also watch for signs of change.  It is best to wait before  entering  any new trades until we have a clear direction and new entry triggers. As always, our strong watch list will generate new profitable trades.

Memories

February 15, 2010 by  

Recently we  held the memorial for my Uncle Stefan.  I gave a eulogy that spoke of  his extraordinary life. After surviving the labor camps of Siberia,  he came to the US and lived  a wonderful and rich life.

Stefan  had a great talent for creating beautiful objects out of wood including bracelets and intricate vases. At the memorial all of us girls wore a unique bracelet he had designed. Read more

Let It Go and Come Back Refreshed.

December 21, 2009 by  

As I prepare to leave on Holiday I am switching gears and  putting all things trading aside.  Enjoying  the wonders of nature is my focus for the next  few weeks.  Read more

FFIV Looking Rather Bullish

December 9, 2009 by  

FFIV  recently showed a nice double bottom on prices as well as  on the Williams % R.  It closed  above 50 on Friday and continued up on Monday’s trading. A round number of 50 is an  important psychological number. Read more