Oct 30, 2007

CBG - Short

What caught my eye with CBG was the clear and orderly retracement to the 38.2% fib. level from yesterday's high that ran into the 5ema and printed a spinning top (indicating indecision) on the 6th bar. I entered short on the 7th bar low on a nice down bar and took it down to the ORL.

3 comments:

Anonymous said...

i had 20 or so stocks for gapdown from IB scan but this one was n't one of them..what happened?
is there a way to limit IB scan to gap up/down to say withing 2-10%

thx

QQQBall said...

i didnt pick thgis one up. market felt weird, so i was too timid. really nice trade there 007!

OONR7 said...

anon: when I import my IB scan into QT, I filter that list by gap% and eliminate those that haven't gapped at least -/+ 1.5%.

qqqball: I found another nice opportunity quickly in the morning with VSH and was about to enter ATHR but hesitated and it took off without me. Would've been a nice gain.