Gator needs a break.....
The S&P spent the later part of the session battling the resistance at 129 . Though it did not close at session highs, SPY did regain its 200dma.
Tuesday, June 5, 2012
Tuesday Afternoon
WTR Daily Chart (11:45AM) |
Since this is Tuesday Afternoon ..... http://tinyurl.com/73lh5m3
Tuesday Morning
AMZN Daily Chart |
AMZN 5 Minute Chart |
That's when I made my mistake. I quit watching and the next thing I knew it had snapped back on good volume and by 10:15 it was above where I sold it. Had I been paying attention I could have bought it back on the bounce and had a very respectable 50% gain as the calls traded to 9.00 by 2:30 and closed at 8.50. Instead I had a 13% loss. Grrrrrrrrrrrr!!!!!!