Monday, August 23, 2010

Trades




Trade 405 asx200 short
Us market down, but Australia in the green - fade opportunity
Tick down, MACD down, near resistence
Market sectors are mixed - chance of slowing

Uncertainty in elections - should predate a lower stock performance in the next few sessions (speculative theory)

stop 4445.

trade 406: anz short
- expect market to fall off intraday
- anz report came in with +ve EPS revision
- this upswing coincides with fib, resistence and EW turning points.

tommorrow, if the market breaches the day's high, that is where we stop out.