Tuesday, March 30, 2010

Trade 255, 256 - Adding to Shorts



100 Short WPL @ 47.08

- Weekly is still in downtrend
- Oil prices @ 80 look toppy
- daily and 15 minute chart in downtrend
- stop 47.44



Balancing my long/short book

100 short WOW 28.29

- Wow seems top of it's range
- Daily has formed a topping formation
- Hourly and 15 minute charts are both downtrending
- breakout below 28 could see a swift correction to 27
- stop 28.52