Sunday, December 31, 2006

Results for the week

12/26
IAAC long -5.07%
SOIGF short +10.88%

12/27
IAAC long +4.01%

Cummulative +9.82% for the week.

There were no plays for Thurs and Fri.

Tuesday, December 26, 2006

Plays for Dec. 27

Let's try IAAC one more time.

After the open wait until it holds green for at least 10 minutes before putting on the trade.
That should eliminate head fakes like we got today.

Plays for Dec. 26

There's two plays for Tuesday, one long and one short.

IAAC is the long, buy at the open and sell at the close.

SOIGF is the short, sell at the open and buy to cover at the close.

We are looking for continuation of the trend after a recent pullback.

Use a 10% stop loss and take profits at 10%. More experienced traders may have better entries and exits than what is recommended.