daytrade diaries... november 18 part 2, page-10

momentum on my stocks today is down
taken profits on NWE. suspect there is more in the tank but will wait now.

interesting movement up on key stocks like BHP and RIO over recent days. suspect last burst up may prove to be short covering but time will tell. has held ASX up but secondary stocks like KZL, JML etc all now dragging. priced near top of current channel and lots of romm to fall unless break up through resisitance. it will happen at some stage but not sure on direction. time will tell. waiting on direction from Dow and $US.

happy trading all.