Market Curiosity: Exploring Markets And Systems

September 19, 2012

ACOM – Trying long again -8% (update 2, Oct 22)

Filed under: -05 to -24%, Long Stock, Mistakes — Tags: , — Jeff Fitzmyers @ 9:38 pm

+ Weekly has a large channel.
– Daily has price trading below the red up trend line.

Buy stop around 31.50.
Stop loss around 28.90

Related:
+ ACOM and DVA: long if buy stops triggered. +1%, -3%

Update 1, October 11: I think this was a bad trade — I was trying too hard and too bullish with thinking that with every central bank in the solar system printing, everything will go up. Likely true, but it will take time. Few seem to understand this. Another lesson in “trade the bars, not my stary eyes”. Price is at support — almost time for another try at long, but the NYSI is trending down.

Update 2, October 22: Just to come full circle…

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