Out of the eight symbols that survived my first-round analysis of Wednesday's trading signals, three failed confirmation. Four of the others had bearish charts that were running contrary to the bull signal.
That left one prospect, a bear signal on CTL. However, it hit its low in morning trading and drifted upward the rest of the day, failing my momentum test. So I shall write an analysis of CTL and, if it passes my detailed look, shall add it to my Watchlist for consideration if downward momentum resumes.
-- Tim Bovee, Portland, Oregon, June 12, 2014
My shorter-term trading rules can be read here. My longer-term trading rules can be read here. And the classic Turtle Trading rules on which my rules are based can be read here.
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.License
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