Thursday, March 25, 2010
Turn around thursday??
SP went and tagged 1180 then dropped 15 points to close lower than the low yesterday at 1165.74. Systems lost another bunch and are down 3130 on the close. It will really be interesting to see how they get out of this mess. I have tested many, many times and stop losses do not work. sometimes trailing stops work but I have found its better to have "change of situation" or trend change stops to work the best. I just wonder when they are going to kick in. so far only one stock has this kind of stop and it didnt do so badly today. DRWI I was getting sell signals across the whole oil patch, I shoulda bailed at break even on the ERX triple energy short. it closed down 4.5% after it was actually up 2%
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