Month: September 2011

Sold ATHN, may be a failed break-out.

We are in a period   with the index going back and forth above and below its key moving average. That is why I prefer to trust a new trend only after it reaches the fifth day. Thursday was the first day of a new QQQ short term up-trend.   All of this is happening within a longer term down-trend. I am still mainly in cash with a few small long positions.

Very high volume buzz.   Bought a call option.