Thursday, March 12, 2009

My mistake in earlier call

You may remember I was looking for a low volume down day. It did occur on March 9th but I missed it on a yahoo.com chart. Normally I look at charts on stockcharts.com. Here is the turn in trend signal.

(I cannot upload the chart for some reason. Go to stockcharts.com and click on SP500 and then click on the image of sp500 today's chart which will take you to a longer term chart. You can look at the volume in a separate window.)

With this signal there was no reason for waiting in cash on March 10th. I should have dived in SSO fully. Therefore, I learnt a lesson - don't be lazy and use yahoo.com, stay with stockcharts.com. Even with 10% gone I will put all my chips in tomorrow morning in SSO.

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