The Cure To His Own Curiosity
Watchlist for 27 Jan 2010
VIX totally over extend, and SPY seems to be finding support at 109.
Am anticipating for a bounce back after the huge 2-day sell off.
Watch list for Long entry tonight are UVV, ORCL, SHLM.
I forgone BIIB, as the Risk/Reward wasn't as promising compared to the rest, and I only have 3R of risk left for trading this month. (I'll only allow myself for a most -3R lost per month)
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UVV
46,46.8,47.6,48.4,49.2,50,50.8,51.6,52.4,53.2,54,54.8,
- pull back, and find support at $46
- double doji
- bounce back everytime it meets 50MA
- nice RRR, 3:1.
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ORCL
- Doji
- Finding support at previous gap up window.
- nice RRR, 3:1.
23.7,24.13,24.56,24.99,25.42,25.85,26.28,26.71,27.14,27.57,28,28.43,
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SHLM

- Small body NR7
- Finding support around 23
- Walking along 10MA during the entire uptrend.
- nice RRR, 4:1.
22.75,23.14,23.53,23.92,24.31,24.7,25.09,25.48,25.87,26.26,26.65,27.04,
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| This entry was posted by lionel on January 27, 2010 at 2:11 pm, and is filed under Uncategorized. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |