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Strategies & Market Trends : Trading From Main Street.

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To: Brandon who started this subject	5/14/2001 10:19:29 AM
From: Brandon	of 226

Stocks in sideways trends give us opportunities to short near prior highs and to go long near prior lows. IMCL gave us a nice shorting opportunity this morning when it gapped up @ the open to an area of prior resistance as you can see on the chart provided. Knowing this was a range bound stock and the R was likely to hold, we look to go short on the gap. You can also see on the two minute chart that the stock had a very nice sideways base on Friday, which gives us a logical target area. swingtrader.net Brandon

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