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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (427)6/1/2001 10:58:52 AM
From: Jenna  Respond to of 1227
 
10:25 to 10:35 reversal period. covered shorts Look for stocks to take out the rising 20 period moving average on the 5 minute charts for entry on the long side now. Shorters at the open probably covered as they didn't enjoy that gap up, others who were flat bided their time and shorted the gap up which is what we did. Now traders are getting in once again at the bottom cleverly utilizing the bullishness last night to their advantage.


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