Look Out Below
There are basically two kinds of entry for daytraders: trade-through entry
above the previous high or under the prior low, or entry intraday out of a
pattern setup. If you miss the trade-through entry early, a breakout from the
first intraday consolidation will often pay off.
10:18:31
Intraday Setup Alert
Engineered Support Systems (EASI)
is trading in a Slim Jim at the intraday low. EASI is down 1.20 to 36.70.
The stock falls more than 2 1/2 points out of the Slim Jim in
the 10:18 post. When stocks are showing continuation on the daily chart, keep looking
for good opportunities for entry intraday.
Until tomorrow,
Duke