Tuesday, February 7, 2012

Mewah - Hysteria Breakout

Today the one thing that came into my mind was to long Mewah first thing in the morning and that's what I did as you can see in the trade record. Yesterday after taking a 2k profit in Mewah, I realized a very bullish behavior that the BBs was creating in this stock. I did not long at the end of the day because I knew Dow Jones would react last night and yes it did. So I told myself, I will judge by the opening price in Mewah and it's readiness to go. When Mewah opened first thing in the morning, I finally saw it. I saw it wasn't moving, that's the signal to whack, and the rest was history. I will share in my seminar why was it so.

Ronald K - Market Psychologist - The Big Speculator