A trading journal site following the in's and out's of the trading day through my eyes. Market sense and commentary. In no way should this be interpreted as a site for recommendations or stock picks. If you treat it as such, do so at your own risk and may God have mercy on your soul.
Monday, September 26, 2005
Rita concerns over - Market looking up.
Rita didn't seem to devastate TX and LA as previously worried and therefore the market is rising in premarket trading. Although I left some money on the table by getting out on Friday, the RSI (5) system indicated a sell and reverse to short. I will be looking for a short signal soon as I don't think this up gap will hold.
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