Shorty Wednesday

Day of 'no surprise' and no excuses
As I have thought the markets were sliding on the Chinese lard all the way down. No new watchlist addition - no surprise here neither, nor trade candidates found.

Time to experiment and mind the open position
I decided to experiment with RSI trading systems (that I have found to be useful with securities trading in ranges). Only I won't have enough time to try to put together my own Wealth-Lab script for my RSI Swinger system. Maybe tomorrow!
With my open position I will have to be not worried to much first because of having almost 2 months to run, second it still did not breach its support at around $127,5 and the decline was on lower volume.

Trading session
Found a few trade candidates through various RSI WL script scans. These were AXE, CCJ, ESRX, LM, TRN, TXU. All were falling on a pretty impressive volume. Now is the time to experiment with the RSI Swinger trade setup I have figured through the weekend.
Did not play as markets were going up, while I did not have the right information to try on.

Open positions at market close 27 February 2007:

.ACLEG

ACL MAY 135 Call

$2.65

($310.00)