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Tuesday, September 12, 2006

Tuesday's charts

posted by Tom C:

Last week I posted the chart of CTB and talked about the "U" set-up. LEH provided a variation of that today, with an entry above the 4th bar high (the 4th bar was a narrow range, inside bar and above the OR high).

PSYS was a late-day trade with a textbook hammer at support from a rising MA, closing just above the OR high. It made a nice rally into the close.

Don't forget to read X's post on finding gaps right below this one.

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1 comment:

Sam, AZ said...

My trade of the week was FNET on X' above the Fib extension. Break of tenth bar. And, I really like using the 5MA.

Thanks for a great blog.