Senin, 02 Maret 2009

Opening Range Breakout - Potash Corp./Saskatchewan (USA) (Public, NYSE:POT)

First order of business today was to lock in my swing profit on ABX. Today's market sell-off spared no sectors, so pointless trying to pick a bottom until a clear reversal pattern develops.

POT/AGU carved out bearish h patterns.

STT from the Trade-Ideas pre-market gapper scan faked an upside move, but quickly failed, setting up a low risk short. Took a partial as price retraced to the ORL. Eventually, STT carved out an inverse C&H, but failed to extend much beyond 50% on the first swing lower.

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