This morning's high was at 4299, just after the open and the market has sold off to be down 15 at 4268 at 11.03 am. I go overseas for a long holiday in just over a week so I'm limiting myself to some intraday trading.
AWC was ex dividend just under 3 cents this morning. It opened unchanged but looked well offered and I was able to re-short at 196.5. I've bought two thirds of it back at 190.5.
11.18 Short some WSA at 575. It looks like a 5 wave swing could be complete, starting from the congestion at 526. There's a minor crossover of the breakdown level around 580 but doesn't look too significant.
12.26 The market recovered to be back in the black but has fallen short of the early high for now. I sold a couple more WSA to take the average to 578.
3.03 I'm getting tempted to hold a couple of short positions overnight now that the market is stalling. Got short some FMG at 617 earlier and bought a few back at 611. The stock might have completed an a-b-c rally.
3.56 Out of the last AWC at 187, WSA at 569 and half of the FMG at 611.
4.14 The market closed down 36. I bought back FMG at 612 but I'm pretty confident that I can sell into strength now, across a range of stocks.
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