Technical Analysis Day Trading: Made some Quick Bux on HIG

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Technical Analysis Day Trading: Made some Quick Bux on HIG

Dec 19, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis

I went short today in HIG for an extremely quick daytrade as the market collapsed in the later part of the session. The last hour of trading these days is highly volatile and highly unpredictable making it difficult to trade as well as well to follow.

HIG had been trending down for most of the session on the intraday 5 minute chart and was breaking down its latest bull flag pattern which signaled to me this was a good time to go short and that another leg down could follow. Apparently i was right and the market tumbled in a matter of minutes bringing HIG down with it. I went short HIG at 17.73 and covered for a quick profit at 17.11

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Technical Analysis:

hig

Tags: Day Trading, hig, Technical Analysis

This entry was posted on Friday, December 19th, 2008 at 1:47 am and is filed under Day Trading, Small Cap Stock Picks, Technical Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Untitled Document

June 09' - Portfolio Return: +2%
TSTR	1.48	1.66	+10.84%
CHLN	4.36	5.45	+25%
MEA	4.35	5	+13%
ACTC.PK	.19	.245	+28.95%
LVLT	1.25	1.65	+32%
DAN	1.40	1.85	+32.14%
GMGMQ	1.04	1.55	+49.04%
ALTU	.4347	.475	+9.27%
GNVC	.7972	.895	+12.27%
BZ	1.85	2.46	+32.97%
CTIC	1.41	1.76	+24.82%
CZZ	5.11	6.3	+23.29%
MAY 09' - Portfolio Return: +23%
EGO	8.89	9.80	+10.24%
WGW	2.08	2.55	+22.6%
ANPI	1.205	2.17	+80.08%
PMI	2.01	2.15	+6.97%
TEN(S)	6.18	4.96	+19.74%
RDN	2.565	3.21	+25.15%
NCOC	1.60	2.30	+43.75%
PQ	3.60	4.25	+18.06%
CPSL	1.83	2.82	+54.10%
WRES	1.86	2.39	+28.49%
CDE	1.265	1.62	+28.06%
IO	2.27	2.85	+25.55%
HNSN	4.95	5.77	+16.57%
PWAV	.785	.876	+11.59%
APRIL 09' - Portfolio Return: +17%
BZH	1.46	2.30	+57.53%
QTM	1.03	1.43	+38.83
MHO	9.90	11.45	+15.66%
CAR	1.05	1.45	+38.1%
BZH	1.46	1.64	+12.33%
FEED	3.10	4.15	+33.87%
CPSL	1.34	1.66	+23.88%
TSL	11.91	13.45	+12.93%
LDK	7.02	8.05	+21.08%
YRCW	5.61	4.17	+25.67%

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Technical Analysis Day Trading: Made some Quick Bux on HIG

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