Out of sync
Posted on March 14th, 2008 by Art Vandalay
Today I did not feel very in sync with the market. When I shorted the market went up, or the market went down but my short did go up. It was a struggle, but there were one or two nice trades that saved the day.
Cenx was one of them. It gapped up, just like many stocks this morning, but came back rather harsh. It consolidated for quite a while, forming a nice little base. When it broke down I shorted and covered partials at 2R. Trailing the rest until the large bullish 5 min candle at support. Closed above that candle.
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