Capturing the Push & Pull of the Markets!

I have been interested in trading since my father showed me how to read the Wall Street Journal when I was about 12 years old. My grandfather 'traded the markets' back in the forties and fifties, so I suppose it runs in the family!

I am not a professional financial adviser and these observations should be regarded as observations and lessons learned, not as professional trading advice. I am a fellow trader making an effort to create another stream of income doing something I love to do!

Tuesday, June 23, 2009

KO (Coke)

Coke presented a perfect entry for a call on June 17. It was a classic trending day up for the stock, staying above the 5 moving average of the 10-minute chart all day:


The CCI never gave a sell signal, another clue that the call could be held for a trend up to the former daily highs set on 6/2 and 6/5. (Now this is looking a bit like a double top, which I suspected when I saw this pattern setting up.) Time will tell if this is the case.
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