Mini Me, You Complete Me…
For daytrades, I love to see mini versions of bigger picture patterns on the
intraday charts. Two intraday setup alerts profiled in the Insights
From The War Room today have paid big returns in relation to the
size of their respective patterns.
Â
12:30:50
Intraday Setup Alert
KLA-Tencor (KLAC)
is forming a mini cup and handle near the intraday high. KLAC is now up 1.55
at 50.68.
13:13:29
Intraday Setup Alert
Mercury Interactive (MERQ)
is starting to break out from an intraday cup and handle. MERQ is now up
4.70 to 63.95.
Â
KLA-Tencor
(
KLAC |
Quote |
Chart |
News |
PowerRating) has gained almost 2 points since
breaking out of the pattern and appears to have some juice left in it at the
time this is being written.
Â
Mercury Interactive
(
MERQ |
Quote |
Chart |
News |
PowerRating) has gained almost 1 point
out of the pattern and is rallying out of the latest pullback from the intraday
high as this is being written.
Conceptually correct patterns work in every time frame. Using
the TradersWire’s intraday setup
alerts will enable you to capitalize on the many that occur in each trading day.
Until tomorrow,
Duke