Steve's Trading Diary - February 2006
2/22 Bought LDG on the positive open. It continued higher, continue to hold. 2/23 it acted strong, continue to hold. 2/24 it consolidated a little bit on Friday but it didn't do anything to change the upward ditrection. 2/27 it's still in a nice uptrend, continue to hold. Now use a close below $38.70 as your stop. 2/28 it's showing a little bit of consolidation. Use a close below $38 as your stop. 3/1 it's still in a good uptrend, continue to hold. 3/2 it had a nice gap up through the 50 day moving average and closed higher on Thursday. It had a big upper shadow but it's nothing to deter the uptrend, continue to hold. 3/3 continue to hold. 3/6 this one needs to show strength on Tuesday. If it closes weaker on Tuesday, close out the position. 3/7 it consolidated but formed a little Inverted Hammer. Now use any trading below $42 as your stop. This one needs to trade higher immediately on Wednesday to continue to hold. 3/8 this one did trade higher, continue to hold. This is now a good-looking chart. 3/9 it's still in an uptrend. It may be running out of steam. Continue to use your stop. 3/10 it hasn't shown anything to demonstrate weakness, continue to hold. Now use a close below Friday's low of $42.25 as your stop. 3/13 it's still in a nice uptrend, continue to hold. 3/14 it consolidated on Tuesday but the uptrend hasn't changed yet. 3/15 it's consolidating but not with any change of direction, continue to hold. 3/16 it's still in a slow uptrend, continue to hold. 3/17 it's still moving higher, continue to hold. 3/20 it's still in an uptrend, continue to hold. 3/21 it's still in the upward trading channel, continue to hold. 3/22 it's still in a slow uptrend, continue to hold. 3/23 it's continuing its uptrend, continue to hold. 3/24 it's still in a slow uptrend, continue to hold. 3/27 it's still in an uptrend, continue to hold. However, it's in the overbought area, start watching for a major sell signal. 3/28 it's getting a little bit toppy but it's nothing yet to change the uptrend. Continue to hold and now use a close below the $45.30 level as your stop. 3/29 it opened higher and had a big trading day. If you see a couple of more big trading days, start watching for a candlestick sell signal. 3/30 it's still in a slow uptrend. It formed a bearish Harami on Thursday. Be prepared to take profits if it trades down through the low of the last white candle at approximately $45.80. 3/31 it's still in a slow uptrend, continue to hold. 4/3 it started backing off out of the trend. This one was closed out on the trading below the $45.80 level.