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Monday, September 12, 2005

MRH - 091205

1.) What did I see?
A gap down, and a weak first bar. The second bar attempted to rally, but failed. The third and fourth bar turned back down and had narrowing ranges, with the fourth bar closing on a re-test of the low.
2.) What is the entry?
A break of the fourth bar low.
3.) What is the exit?
A break of the seventh bar high.

Notes - I usually close 1/2 when I have a gain of $1 - so, the exit noted above would be on the remaining 1/2.

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