Slim Jimmin’

• October 25, 2001
• Duke Heberlein

For traders looking to switch over to daytrading from the intermediate-term
or swing timeframe, Kevin Haggerty’s Slim Jims are a good pattern to start with.

 

11:45:22

Intraday Setup Alert

Affymetrix (AFFX)
is trading in a Slim Jim at its intraday high. AFFX is now trading at 25.38,
up 3.85.

 

 

 

Slim Jims form every day, without fail. I like to play them in
the direction of the overall trend on the daily chart. In the case of AFFX, it
had a large gap this morning higher, but was consolidating at the high as market
dynamics were improving.

 

 

AFFX broke out for more than 1 1/2 points out of the pattern.
Get into the habit of scrolling for Slim Jims throughout the trading session.
One good one can turn a boring and fruitless day into a profitable one.

Until tomorrow,

Duke