Friday, January 12, 2007

Day Trade: Short VOL 30-min chart

Entry @ $57.95
Exit @ $53.02


  • The stock is active with strong downward momentum and confirming volume
  • Short entry at $57.95 on the break of the low of the 7th cstick
  • Initial stop at $58.30 which is the high of the 7th cstick
  • Covered 1000 shares at $53.02 before the market close
  • Trade closed with a gain of $4930 ( +14R )

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