Tuesday, November 06, 2007


Today I paper traded (I know it's lame) GS. The 15-minute chart showed a Double Bottom
over the past two days. Today's early morning bottom came on decreasing volume (at least in terms of the close for each candle, rather than the true low of the day). My "buy" point was once price closed above the 5EMA which on paper for me was at $217.20. My "sell" point was at resistance of the opening highs and once the doji-esque candle closed at $221.75.Some other things I'm keeping an eye on include; a bull flag for ISRGAlso, GRMN looks like it's going to stage a Capitulation recovery.

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