08/29 Lessons

1. SAFM gap up: good ER, high short ratio(31%), open 28, up to 30.3

2. Always watch chart : at 704.5 down trend broken, it's a long there.

3. Pay attention to spike: spike means MM action. Usually pattern is spike up--->consolidation--->another spike. Best time is to in at consolidation area.

4. Don't enlarge a pos after a lose trade

5. Market usually to follows the trend from 12PM to 1PM.

6. # get some info that lot ppl intend to short(4:1) means retailer are over bearish, MM can use it to squzzz.

7. 716.x is last time high, ER2 was pushed to that level to force shorts to cover.