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23 Sep

Friday September 23, 2011

by

Great week for us so far going 4 for 4 on alerts sent by text and email. Now all we need to do is finish strong is what looks to be a volatile day ahead. Right now futures are down, but I suspect the market will find a reason to buy off this bottom before the day is over. I expect to do some scalping today in chat while I watch our swing trades; COOL, GLUU and QPSA.

Click here to view my open trades.

So here is how I’m looking to play those 3 today. Initially it appears we are heading down but I suspect we will bounce. I took small positions on all 3 alerts so I could add on a small dip, assuming my initial entry is pretty close to support. I plan to hold all 3 of these into next week provided the following:

1. The broader markets don’t lose 500 points again

2. My losses are not over $1,000 per trade before I average down

Right now COOL is showing $2.35 due to a hit in AH last night but I don’t expect that to stick as the current level II is $2.10 x $2.35. GLUU level II indicates a dip right out of the gate showing $2.61 x $2.87 and QPSA isn’t showing anything pertinent yet.

Stay on your toes, cut your losses if the market heads down because we can always buy these good speculative swing trades at cheaper prices if the market doesn’t reverse.

Let’s finish the week strong and smart!!!

 

 

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