Monday, May 4, 2009

Deja Vu

I've seen the same pattern day after day....Strength in the morning, a small dip in the early afternoon - which is bought, and the strength continues throughout the day. Over and over again.

While I have recognized this pattern day after day, I have yet to take advantage of it, which is definitely a flaw in my trading. While I was able to take full advantage of the bear market over the past year or so, I still have not been able to adjust to this rally, which has been VERY frustrating.

Anyway,

RCII did well again today

TGT is lagging which is good, and failed again to close above 41.

IWM - The strength is unreal. All I am looking for now is a retest of the 20 day, and I'm out.