Those aren`t bad odds, are they?
Have a great trading day.
September 29, 2010
Playing A Rebound In Sara Lee (SLE)
Sara Lee (SLE) has traded down for 6 consecutive trading sessions. That is obviously a rare event and the odds of a short term 1-2 days rebound are quite high. On the last 9 occurrences the stock averaged a gain of 0.50% with a winning probability above 75%.
Those aren`t bad odds, are they?
Besides the stock is trading at the 200 day moving average. It probably will open lower today and that will be a good entry point.
Have a great trading day.
Those aren`t bad odds, are they?
Have a great trading day.
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5 comments:
.....Hey , HMS , what's going on out there in Spain and Portugal? pretty hectic today....
after 4 more red candles + doji , you can enter. dont be a falling knife catcher
always remember what Honma said wait three days from the best candle chart entry point.
Dera HMS
1. Are you still shorting oil? I am short brent - after the strong rally yesterday - but I am afraid it might have been too early.
2. POMO finishes next Wednesday, the first days of the month are usually strong, thus we might get a last gasp to the north before the S&P will sell off?
Thx, Hans.
Dear HMS,
I am sorry you don't respond to comments any more. And I am sorry your oil trader page is not open for comments any more.
Good luck, Hans
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