We have a great new training class from September 09. \u00a0Some classes for whatever reason can turn out outstanding and others ordinary. \u00a0Same teacher, same material, but very different results. \u00a0And from my seat very different teaching experiences.\u00a0\u00a0We haven’t held a new training class since September of 09 so lucky for us that they are so enjoyable. \u00a0 June of 08 was our best class ever. \u00a0But our September class is showing signs.<\/p>\n
Today after the Close TH (he is TH until he starts making a lot of money and then he will get a nickname like “GMan” or in @howardlindzon’s case “HMan”- you are welcome Howard) showed tape of a trade he made last month in BA (Boeing). \u00a060 was an important level and BA violated this support level. \u00a0So TH started a short position- Trade2Hold Below Support Play. \u00a0And then we started having fun.<\/p>\n
BA ticked quickly down to 59.73 on light volume.<\/p>\n
I commented,”She only agreed to a First Date.”<\/p>\n
And then BA quickly snapped back to the 60 level.<\/p>\n
“She is looking around the restaurant to upgrade potentially.”<\/p>\n
And then BA ticked through 60.<\/p>\n
“She has gotten up from her seat and smiled at someone.”<\/p>\n
TH countered,”She is just going to the bathroom. \u00a0She will be back.”<\/p>\n
I continued,”If 60 holds the bid up here then she has sat down at another table to talk to another guy. \u00a0If 60.10 holds the bid then she has given her number to that other dude.”<\/p>\n
We rolled some more tape and BA found lower ground. \u00a050c of a clean downmove followed.<\/p>\n
TH grew more confident in his relationship.<\/p>\n
I asked,”Did BA go down because it was weak or was it just the market was weak? \u00a0Is she just with you because you took her to a nice restaurant?”<\/p>\n
We watched some more tape and then BA went down another point.<\/p>\n
TH was beaming. \u00a0 If he was an NBA baller he would have been pounding his fist against his chest. \u00a0Clearly BA was weaker than the market. \u00a0She liked him. \u00a0Or as Trader Chris quipped,”He just hooked up Bella!”<\/p>\n
Like those who you might date your stocks send you mixed messages. \u00a0Your job is to intake the data and determine if she really likes you.<\/p>\n
Best of luck with your trading.<\/p>\n","protected":false},"excerpt":{"rendered":"