While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
QID...the order is good on the close, and was intended as a closing order.
We've been jerked around before late in the day, hence a closing order. It's pain avoidance day!
If you are trying to lead off on being short the Nasdaq, use a tight stop.
GDX & GDXJ are attempting ORL weeks. This is a price negative pattern.
Gold would need a close today under 1272 for the same pattern.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.