Sunday, November 2, 2008

End Of Oct -- Short Term Trend changed


The markets seems to have change the trend, it actually had the first signal on Tuesday with the long white bar, and then the Dow Jones index has also stand above EMA20 on Friday's close price.
After the confirmation about the trend had changed, I need to take a lose on those short ETF and stocks, though it is still under bearish market, the short term trend had been reversed.
The lesson learned for these lose stocks, there were some good chances to take a profit but only take some profit from EEV. And do not add SMN since I had already have enough short positions.
It's still difficult to determine the profit taking point, the EEV exit point seems perfect. And the market had change sharply, if taken 5% lose on the day trend switched, I could still make some profit instead of losing them...
So, forget about those lose and look to find good stocks to buy:

Today's Trade:
Sold EEV $84.65
Covered GOOG $371.02
Sold SMN $70.57
Sold TWM 96.7
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