A trend-focused trader reflecting on market strategies and personal performance enhancement.
trading
Thursday, 24 May 2012
Sunday, 20 May 2012
looking at the week ahead
The path of lest resistance is downward and more down is expected, but we are oversold, so there could be a swift bounce towards
20 ema area, and then resumption of downward move.
FB
it may take some time, but it is possibly a profitable strategy trading an IPO
ZNGA, here we had similar situation and achieved measured move up after b/o of first day trading day
Friday, 18 May 2012
markets now
The decline from high to low is close to 9% now, and we can start looking for signs of buyers, but we need to wait for that to happen not anticipating just following price action. The price is never to high or too low. Possible little crash before things turn around and longer time frame players come to play.
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