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Written by Ben
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Monday, 03 November 2008 |
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A brief one today, mainly because I haven't really slept thanks to Dworkin and his enjoyable but rather long thesis on law as integrity. For once there's some blue (I don't know why they don't use green either) on the wonderful thing that is my profit and loss statement so on balance today is a moderately good day.
Both ITM Power and Autonomy are in profit, Autonomy I expect to reverse off the magic £10 a share barrier, odds are I'll take a
small short position at £10 and hold onto that down to £9.50 then put
an order in to double my long position if it gets down to £9.00 again. All that's dependant on the prices exact behaviour though.
As for short term trades nothing has taken my fancy as yet, the chart below shows Daily Brent Crude and a level I'm watchin:
The level is at a round number and has acted as resistance twice recently so I'll be looking for standard reversal or continuation signals around this point.
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Last Updated ( Monday, 03 November 2008 )
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