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Thursday, June 15, 2006

Short during a 200 point rally?

A good set-up is a good set-up. So, always be looking!



ANDS presented a good entry below the Fibonacci extension (third and fourth bars). The stock fell most of the day, and the total move was over 8%.

There are some good trades discussed in "Comments" earlier. Check them out, and I hope everyone had a profitable day!

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2 comments:

QQQBall said...

i looked at it and passed as it had already achieved the fib extension target. i quit early, but on a day like today, new HOD on gap plays after 1PM can be juicy.

Michael said...

You don't usually take the general market direction into account, do you?