|I got shook out of the trade.|
There was strength at the open as anticipated, but it faded and stayed near its lows until close. Granted it was still green and I was able to sell 1/3 of my position into strength as I said I would. However, I didn’t like the fade and the inability to move back up. My analysis on this one is becoming unclear, so I closed the rest of the position while I was still break even.
It was a red day as predicted. I was ready to sell 1/3 of my position into strength, as noted in the game plan, except there wasn’t any real strength to sell into.
Today did close in the green and a touch closer to target, but I will make it a bad call. I’m not real happy with it. I was expecting a strong day as it seemed the sellers were all gone in this game plan. It opened great, but mid-day got smacked back down. It managed to stay green, but I consider it a weak close and ended the day with a nasty little shooting star. My optimism has changed to cautious optimism.
Continue reading “Long MEET Day 10”
It didn’t get that scary opening the next day that I thought, or the hammer. In fact, it was strong from the open and closed with a nice wide spread candle. Ultimately though, it did close green staying above support and did so on increasing volume, which is what I was calling for.