iBankCoin
Joined Jul 30, 2008
2,107 Blog Posts

TBSI- day trade short.

[ you can download or comment on this chart from my ScreenCast account]

I caught two breakdowns in TBSI.  Stock was up nearly 20%!  Faded it using momentum/price/volume measures.  If you noticed, the Vix is not working today.

See yall on StockTwits! (time is in Hawaii Standard Time, so add 5 hours to get New York time)

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8 comments

  1. Glenn Guagmire

    Gio what software are you using there?

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  2. Heckler511

    Let’s do this to PSMT tomorrow, eh?

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  3. corey

    gio

    i follow you a lot..what chart tools do you use above?

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  4. Gio

    I assume you’re referring to the Momentum Indicator? That’s from Scottrade Elite software. An alternative to candle-sticks, and a good measure for panic-selling or momentum buying on the hourly.

    Heckler, I tried shorting PSMT when it was up 10%, no shares available! I’ll let you know when momentum crosses red, hopefully shares will be there.

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  5. Hecker511

    I’ll keep my finger’s crossed. Thanks GIO, you’re the man!

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  6. zee-

    hey GIO!!!
    So far so good on my members only site—
    No one is asking for their money Back!!!!
    Here’s the sales pitch line I’m going with.
    Get this–“My system virtually eliminates all losing trades”—period.

    What do you think?
    zee

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  7. zee-

    Here’s an example:::
    BBY topped out at it’s 50 day–
    According to my members system, There’s more of a chance it retest–21.50 or so, rather than go back to the 50 day, next few days.

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  8. DND

    anyone want to play DND?

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