Tuesday, May 27, 2008

QLD Trade Update and PAAS

QLD opened at 84.35 today, so that is the price for entry that I will use for tracking it.

Also, depending on the next day or two, I may need to exit PAAS. The entry wasn't a real low risk point which is the way I usually trade. It hasn't broken the pattern I traded it for yet, but on a percentage basis it has lost about all I am typically comfortable with. However, the short term indicators like fast stochastic lines are basically oversold, so I will probably just wait to see what the next bounce looks like, if the patterns does not get broken before that.

Pete

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