Wednesday, June 11, 2008

Why I'm selling XIDE

I'm selling XIDE for the following reasons:

• Nasty two day high-volume reversal
• No previous uptrend in this issue has shown reversals similar to this (a price-action anomaly)
• This reversal is occurring on a multi-year high
Daily:













Weekly:













My stock swing trading strategy is now being locked down after suffering a drawdown, and possible "system death" (see last post). In the mean time I am completing a much more thorough analysis of related trades and the market (still in the process).

Gold futures trading continues.

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