Monday, June 15, 2009

Quick Trades - CNX, CNQ, JOYG


Gap down, WR bar closing very weak followed by a spinning top normally leads to continuation. Short on the break of the low of 2nd bar. Cover at 61% FE of the first 2 bars.


Gap down, red first bar followed by spinning top. Short on the break of the low of spinning top. Cover at 50%-62% FE.

Gaps dow below PDL. Price comes to retest the 15 min. ORL, forms a bear flag. Short on the break and cover at 50% FE.

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