Look at the Double Reds that were filled today 6/23/08
Monday, June 23rd, 2008The Wizard picked the second worst sector, the financial sector, because the worst (conglomerates) do not have that many stocks, and look what we have. We were filled on 8 stocks and we have 7 winners and 1 small (3 cents/share) loser the first day. When you trade with the trend you make money and more money when you filter it with double reds very bearish in a down market. We picked the worst sector and the worst stocks.
EVEN BETTER
Of the winning trades in the financial sector, we have 291 short and 1 long. I would say the Wizard knows how to pick stocks. We only have 5 losing trades in the whole sector of 296 stocks. The Wizard is flat in 12 stocks. Winners to losers that is better than a 98% winning average. Can’t do much better or the Wizard would be perfect.
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