September 20, 2010

Closed Long STX - Dead Cat Bounce

STX didn't bounce as I expected, so closing this about even. Entry graph on 8/12 showed the green candle after the red bollinger band was penetrated. I was expecting more of a bounce.  Exited on 8/18 as it started to drop off again to a futher low. Graph was not made until 9/20, so you can see what actually happened after position was closed. Risky trade trying to get a bounce in a downtrend, but you can see at the start of the graph what I was looking for.




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