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Literally within two minutes of that last post, the market slid upwards - to exactly where I had suggested shifting the stop. It happened on relatively high TICK, and took the market back to overbought... but per the rules of engagement, I am stopped out (and I can't re-enter until the next overbought reading). Honestly, that was a really badly handled trade; giving back 2 points of a 3-point gain in the quest for the last point and a half. Can anybody spell "risk-reward tradeoff"? Would have been far smarter to tighten right up, take a couple of points and be looking to re-enter when the market hit overought. Still, it looks like the vermin who run this show are trying to con the masses again... they won't get SOX back int ot he green by the close, but it could easily happen in the S&P and Nasdaq Comp. There's also a little "triangle" forming on a 15-mn chart, which should be broken to the downside. Too late for me though.
