Friday, September 19, 2008

Answers to the Questions

1. I select this stock because it is very active as you can see very high volume in the first three bars compare to the previous days first three candles volume.
2. I would be looking for short as the stock is showing weakness.
3. Initial stop would be above the inside bar.
4. First Partial at 161.8% extension.
5. I would exit my position when price close above the 10 SMA.
6. See my position size calculation post.

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