Big Wave Trading incorporates a Mechanical Disciplined Signal Generated System and uses a Market Model system to invest profitably in the stock and futures markets. Big Wave Trading also incorporates a strict risk management system and cuts losses immediately if a new purchase does not work in our favored direction right away.
Friday, April 01, 2005
FRE short
Uh oh..Freddie is failing both the 50 and 200 dma again. This breakdown today on big volume looks like a continuation move from its top in January. The selloff in Febuary gave way to a bounce on lower volume and now the move down on heavy volume again. Looks like history repeating itself again to me.
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