Posted by: eminitrader April 12, 2007
Making Money with Eminitrader
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Market sold off in the morning but the buyers came in. The thing that worries me is that the market high was around 1448. We need to go over 1450 soon. If the market cannot go above 1450 tomorrow, we might see the re-test of the low. If it goes above 1450, then we have 1 last resistance to break at 1462, then it should be pretty smooth sailing. SIGA was up about 4% today. Pretty decent run. It should go up from here. Bricolage: If you bought SIGA this morning, you probably got near the low of the day. I don't think that you were chasing the market. You bought on a pull-back and that is good. Just holding it here and hopefully, we'll see $7 soon. I have few appointments today so I might not post new picks. If I get home early I might post some. ESLR and SIGA are both acting right, so pretty happy about that.
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