Here are 3 examples of my favorite trading pattern
SNDK short was pointed out on Friday Feb 3, 2006 with entry at
64.35 based on the daily mini inverse pup breakdown.
(
SNDK |
Quote |
Chart |
News |
PowerRating) finally leaned
near the daily lower Bollinger band on Feb 10th at 58.90 to lock out all shorts.
Nice 5+ point dump on the daily mini inverse pups.
The NQ’s daily inverse pup also nailed our 1651 targets with
lows at 1642.50 so far. However, the new lower Bollinger band sits closer to
1636.50 but we also have to be careful for a potential daily hammer. Cash is
good for now.
On a side note, if any readers took
(
AMCC |
Quote |
Chart |
News |
PowerRating) swing from
3.05 and
(
PMCS |
Quote |
Chart |
News |
PowerRating) swing from 9.40 level, now is a good time to LOCK the
profits on those. As they peaked out 3.60 and 10.80 respectively.
Jea Yu
Jea
Yu has been involved with the equities markets for over 10-years. He specializes
with intraday trading in the U.S. equities and futures markets. To receive a
free 7 day trial to Jea Yu’s Underground Trading Pit,
click here or call 888.484.8220, ext. 1.