Here comes the sun…
Posted on March 17th, 2008 by Art Vandalay
Solar Power to the rescue… I missed most of the shorting ‘fun’ today, had a few scratch trades. In the afternoon the market started a reversal and I spotted FSLR. It had a 1 min 2 wave pullback and a nicebase after that. As the market was consolidating at the same time it was the ideal spot to enter, but I did not expect it to run right to my target. It did try to scare me out by retesting my entry, but I stayed put and closed all at first resistance, previous days low (thin red dotted line)
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