06 October 2009

Simsci : Tentative Short Again

  • Having missed the Nikkei move, am trying to find next best candidate to go short equities.
  • Tentative short in Simsci (Oct09) at 315.5 tonight. Stop out above 325.37. Tiny position only (0.5% EAR) as sell signal not formed yet.
  • Sell stop-in on close below 303 is the real trade. Waiting for that.
  • Weekly chart sees possible multiple top forming in and around 325. Lets start working with this and only work up to the monthly once it (weekly) has turned.

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