January 20, 2009 – No rally for Obama | The Chartist

ASX Commentary

January 20, 2009 – No rally for Obama

Wed, Jan 21, 2009

Our last long position, official long position that is, HPT, was stopped last night. We have an unofficial position in the account from a failure to cancel a trade. That is now costing us money, but mistakes do happen in the real world. We are left with one short position which is a dissappointing result considering the quality short side setups. We’re going to sit quietly until the reporting season calms down before, although no appropriate setups for our specific patterns are available anyway.

Trades done last night:

Click to enlarge

Click to enlarge

The account¬† has all but given back its 3-months works of gains. Such is the journey of trading at times.

Click to enlarge

Click to enlarge

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Nick Radge - who has written 899 posts on The Chartist.

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