Saturday, February 27, 2010

Feb is gone

Well the market was up for February.. so odds are that it will be down in March, at least according to the 2sweeties. Frustrating last half of the week. I overode my new system for exits 4 times and in every case, got out way too soon. well, not every case.. actually on FAS it did sell off hard just shy of my original target of 76 (hit 75.95). but on KOL, it was an iffy buy, so I sold it at a small loss, only to see it rally. And on UMY, i did the same thing, only to see it run up. Then on NYX I got out with 3% profit, only to see it run up another 1%. Of course, the one I hung on to, ERY the energy short, is way underwater about 5% but hasnt hit the stop yet. I shoulda used a 1% stop since it was iffy right from the beginning. Anyway.. I still see a cycle low this coming week, but the market does whatever it wants regardless of what I think.

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