Trades for 16th October,2012

Trade  1

  Short INFY                        INFY was trading down in an up market showing relative weakness.

                                             Entry                44.21
                                             Stop                 44.31

                                             Target  1          44.10       1/3 +.13
                                             Target  2          43.90        Never hit.

                                             We lowered our stop  to   .21 to b/e and were stopped out for 2/3.

                                             From all the watch list  we could not find another stock with the right
                                             pattern to trade even though we waited  the full day just watching.

                                             You don't have to be in a trade all the time.If you don't have a trade,
                                             don't chase.Wait for the trade to come to you.




                                            
           
                                        

Trades for 15th October,2012

Trade 1                       The only trade of the day  -Why?  see below

Short CSTR                     This again was a pick from our  watch list.
                                         Pattern  was in line with our trading criteria.

                                        Entry    44.80   (  9.31 am)
                                        Stop     45.01

                                       Target   1          44.55                   1/2 +.35
                                       Target   2          44.25                   1/4 +.55
                                       Target   3          44.00                   1/4 +.80  (10.05 am)

                                       risk/Return            .21/.80            = 400%

                                       This was a huge trade. We made in 1/2 hour the money
                                      we normally make in a day.

                                      Can you beat that!!  Have a better reason to take the rest of the
                                      day off ? We couldn't .

                                      When you are paid off in spades it is time to walk away.