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
WMGI short
Looking at a daily chart WMGI is in a little trouble. It has consistently sold off on heavy volume then rallied on low volume to fail at the key moving averages over and over. This recent breakdown that I missed yesterday makes a good short, with a small rally back to the moving averages. If no rally occurs it might not be worth it.
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