
Another solid day today. I was surprised by how many of the plays actually triggered: 12 in total which is the highest number since I started the new system.
BKHM did a 180 on me today, but does look like it may be setting up for a nice hourly fade tomorrow.
ZOLT had excellent followthrough (FT) today
OVTI was just a bad call all the way around. The short at 24.43 vs yesterday’s low at 24.14 was a costly mistake that was compounded by the hourly stop above 24.88.
IFN was today’s star and really had some great FT today
FLIR, depending where/if you got on board was either a nice win or a small gain. There was an hourly reversal at 1:00 but I always place my entries just beyond they next $.05 mark so I was not triggered at 26.71. I did get the fill a couple hours later at 26.63 & had a nice run up into close.
I will be meeting my accountant tomorrow morning and will not be trading except for perhaps an afternoon scalp so I will likely not have any picks for tomorrow.
Good trading!
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March 8th, 2006
Jason
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