Thursday, June 01, 2006

RE: SIMSCI 01-June-2006: Potential Long

It was a dissapointed day. Sentiment changed from positive to flat and then negative. No position was established. To be exact, one opportunity was missed and two were ignored. It is the challenged of real time trading. I do not know what is going to happen at the right side of chart, experience and skills makes the judgement call. Short entry at 11:24am was missed. Subsequently a descending triangle was formed, it was ignored as RSI is diving in oversold zone. The last opportunity was a bearish flag, it was again ignored as entry level is too closed to day support level. No trade for today. Gain 0 point.

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