02/24/2011 After Bell Quick Summary

The bottom line, the short-term trend is down. I hold partial short position overnight.

As my intraday comment stated, chances are good that the very 1st leg down has completed but after the rebound I still expect a 2nd leg down. For tomorrow, I’m not sure, I don’t believe a bullish Friday because recently almost every day was up so having consecutive up days on Friday may mean not much. On the other hand, we have a little bear trick here, short at today’s close and cover at the Monday close since August 2009, you have 16 out of 18 (89%) chances. Well, just don’t ask me if I, myself has shorted at the close… LOL

Demo account for short-term model, $200 max loss allowed per trade. Mechanical trading signal, for fun only.

TICKER	Entry Date	Entry Price	Share	Stop Loss	Exit Date	Exit Price	Profit	Comment
SDS	02/22/2011	$21.05	300	$20.62
SDS	02/22/2011	$21.05	200	$20.62	02/22/2011	$21.55	100.00	Partial profit.
SSO	02/17/2011	$54.05	200	$53.26	02/17/2011	$54.49	88.00
SSO	02/16/2011	$54.08	300	$53.78	02/16/2011	$54.28	60.00
SSO	02/15/2011	$53.68	100	$52.18	02/16/2011	$53.95	27.00	Target met.
SSO	02/11/2011	$52.87	100	$52.18	02/16/2011	$53.86	99.00	Too nervous, shouldn’t close this.
SSO	02/11/2011	$52.87	100	$51.78	02/11/2011	$53.36	49.00	Partial profit to lock SDS losses.
SDS	02/10/2011	$21.68	500	$21.27	02/11/2011	$21.29	-195.00
SSO	02/09/2011	$52.91	200	$51.84	02/10/2011	$53.03	24.00
SSO	02/07/2011	$52.67	400	$52.10	02/07/2011	$52.84	68.00	Rare case for low risk entry.
SSO	02/04/2011	$51.78	200	$50.81	02/04/2011	$51.98	40.00
SSO	02/02/2011	$51.72	200	$50.69	02/03/2011	$51.86	28.00
SSO	02/01/2011	$51.03	50	$51.23	02/02/2011	$51.62	29.50
SSO	02/01/2011	$51.03	50	$49.23	02/01/2011	$51.46	21.50	Partial profit to lock SDS losses.
SDS	01/31/2011	$22.77	300	$22.09	02/01/2011	$22.09	-204.00
JAN							415.00
SUM							650.00