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Last Update: 6.6.13

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6.3.13 Monday

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Entered Short Positions @ $21.95

• Evening Star candle reversal formations at a key resistance level 
• This is the level when $CHK reversed and started intermediate bearish trend for about a month last mid March
• Weekly chart shows Gravestone doji which suggests that it has high chance of possible reversal at this level

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6.4.13 Tuesday

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10EMA to Watch

Applying KISS (Keep It Simple Stupid) strategy here as it progresses.  I am just looking to see if it can break below 10EMA and just follow 10EMA until it stops me.  Pretty simple strategy but its easier said than done (because of our emotions – Fear/Greed).  Let’s see if I can stick with it.

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6.5.13 Monday

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Added More Short Positions @ $21.57

This is what I call, “resting day candle” looking at this daily chart. As you can see we had huge a bearish day (at the top) and then, next day, a white candle (aka=”resting day candle”. Not a reversal) then a following next day, we had continuation of another long bearish candle day.  Today could be the resting day candle with small candle and we could expect a follow through tomorrow with another long bearish candle.  We shall find out.

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6.7.13 Friday

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All Positions Covered @ $21.90