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Strategies & Market Trends : LastShadow's Position Trading
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To: LastShadow who wrote (719)9/28/1998 7:21:00 PM
From: Jay Lyons  Read Replies (1) of 43080
 
Scott-

Could you take a look at AOL today for me? I played it as a Gap Up, with triggers at 116 7/8, 120. Had one trade in the A.M. long at 120 which closed flat (didn't hit 1 point for me). In the afternoon, I sold short at 116 7/8 and got the point.

My question...given that 118 held twice on the downside (9:40 and 1:10), was it correct to keep the sell at 116 7/8, or should I have moved it up to 117 7/8

TIA,

Jay

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