Sunday, May 13, 2012

Popper Retrace

Sometimes I see read popper, but see pooper...doesn't matter. This is what I call the Popper Retrace and this is an invitation to see if this strategy I have actually works. I don't even know if its going to work this time around, really I don't. I call it Popper Retrace. Why? Cuz the stock pops one day, drops the next, and then will retrace back to the 50% move of the 2nd day...and then continue to fall. This is a shorting strategy, and would obviously do much better if the market turns weak on the third day of the stocks move. First a couple examples...

 $VRML - I mean, VRML is a piece of crap anyway, but sometimes piece of crap stocks follow great patterns.
$AEZS
Next, a live example that you can watch play out before your eyes if you desire.
$SRT
Entry: 2.53
Exit: 2.30, 2.11, 1.93
Stop: Above 2.62