Tuesday, March 9, 2010

3/9 1:00

Stopped out of QID at 17.74 for a 5-tick loss.  This was a flyer.  The rest of the stock positions are intact waiting for XMI to exceed its old high 1171.87.   The following S&P chart shows a 3-wave to the nominal new high so far today:


This is a series of 3-waves, not an impulsive move.

Bought another 1.5% 1/4 position SKF at 20.81.

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