Think Fast…
When a trend day develops, sometimes only a partial pattern will form prior
to the breakout or breakdown. This is why the art of evaluating the setup and
the underlying market dynamics come into play.
Â
11:21:50
Intraday Setup Alert
Anthem (ATH)
is beginning to form a Slim Jim at the intraday low. ATH is down 4.45 to
62.25.
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Yesterday, Anthem
(
ATH |
Quote |
Chart |
News |
PowerRating) was forming a Slim Jim at the intraday low when
the market indices were continuing to slide lower. When the bottom of the
partial pattern was breached, ATH went into a short-term free fall.
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Nimble traders can catch a good part of the move. Stocks
sometimes fall very fast, then rebound very quickly. Stay on the alert, and soon
you will likely be grabbing these quick hitters.
Until tomorrow,
Duke