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
XL ugly
Short opportunity for XL with todays strong move down after failing to even reach that 50/200 dma inflection point. With the subtle distribution the last couple of months i would expect a move below the October low. But the Oct low had strong volume to bottom out on, so if there appears to be strong support if it reaches that level again I would take a little profit.
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