Friday, July 07, 2006

RE:SIMSCI 07-JUL-2006:2nd trade: Long trade closed

Second trade of LONG position was closed at 291.6. After seeing potential negatvie divergence fo MACD-H, failure swing of RSI, increasing in selling volume, and 12-p EMA failed to cross above 21-p EMA, exit decision was made. In addition, HangSeng closed in negative territory did not give me a good feeling of holding on Long position as well. Second trade of the day closed with -0.3 loss.
That's all for the day. I close my day and week in positive note.

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