KSS - 111405

You already saw my bad trade on KSS - this was my second attempt!

1.) What did I see?
A gap down and rally to RESISTANCE(!) at the retracement zone of the previous day's high to the opening range low. The second bar closed weak and left a long upper tail.
2.) What is the entry?
A break of the second bar low.
3.) What is the exit?
The target was the morning's low - which was not hit. KSS went into a sideways consolidation and I closed it at the end of the day for enough profit to cover the commission.

Notes - the rising 34MA provided support and kept price from falling. I always say that a trader's job is to discard the bad and mediocre set-ups...in this case KSS was a mediocre set-up, and I should have passed on the trade.