Thursday, February 5, 2009

Heading towards the close

What a fantastic day for the longs and especially the fertilizer stocks mentioned on yesterdays posting.


We are taking a small put position here on Amazon (AMZN). The price action is looking tired as volume slows to a trickle, the stochs are at the top, and the MACD is at it's average high. We like the risk to reward...




Trade well,
Trader D

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