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The Whipsaw Song - Ed Seykota (Trading rules embedded into a song)

Monday, October 20, 2008

Back to work!!

Yeah, it is back to chart reading after a good weekend lazing at home.. A couple of counters turn up from my scan which is worth a look or two tmr..

HKLand$ - The 61.8% fib retracement works it magic and the short lived rally stop and reverse after failing to clear 2.91 successfully. Look for it to drift lower the next couple of days and "lau" should the boardbased market continue its "LS"

SGX - This is a coutner that i always have respect for and try to avoid shorting.. However, the price action of this counter is getting tough to resist.. Will be looking to give it a shot or 2 if the price is fair tmr :)

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