charts/tape reading

The market doesn't care what I or anyone else says.
The market is the final authority of profits or losses.
That's why it's smart to listen closely to what the market has to say.

One way to look at is ignore noise (news) and focus on charts as the resistance/support/hammer/volume is how the market is saying what it wants to say.

Monday, December 5, 2011

Monday, the 5th(Dec)

going to stand to the sidelines...Feeling very tempted to make some trades as the mkt is trending higher and don't want to miss santa rally!

However, may take small positions in buying puts in AMZN/CRM if they cross 210/125 respectively. Will definitely buy calls in (ISRG/CMG??) others to balance out these position when taken. will see...stay tuned :)
Posted by at 6:25 AM

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