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Wednesday, December 13, 2006

Promoted from comments - SBS

TJ posted this trade in "Comments" - here is his analysis and the chart:

"I had my trade of the week today - SBS, 30-minute chart. Bought on a break of the 7th bar high as it crossed the OR, and sold at the close of the 9th bar because it left a long upper tail, and was above the Fibonacci extension.

TJ"




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Posted by Trader-X at 10:17 PM

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DISCLAIMER - I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES; I JUST POST MY THOUGHTS, TRADES, AND OPINIONS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS. ALL CHARTS ARE COURTESY OF REALTICK. ALL TIMES INDICATED ARE NY (EST).