Use A 3-Day Chart In Your Trading

Bear Stearns removed
Dell Inc (DELL) from their Focus List.
The stock is now trading below
the 200-day MA, and it is approaching the 61.8% Fibonacci level (10/26/04 low –
12/9/04 high).

10:38:02 (from TradersWire)



Action

Symbol

Order Type

Setup

Stop

 Target

Current Price

Posted By

Sell

AIG sell stop at 53.54 double top (5-min) 53.69 53.20 53.64

TK

At 10:30 AM, American
International Group
(AIG) hit the intraday high and formed a doji bar
(opening price=closing price). The stochastic was also indicating a negative
divergence. This was a potential short selling situation. Before opening a short
position, I checked one more chart. As you can see below, AIG was running into a
resistance line. I placed a stop order to sell at 53.54.

10:43:28 (from TradersWire)

Follow up on AIG

It has hit our target. Cover half and move stop to 53.40.

T.Kamada

If you have questions, feel free to
mail
them to me.