Hi,
We got another range trading day, a total of 38 points movement in the DOW. This is very difficult for equity traders because of a narrow range and intraday action without a trend is always higher risk. On the other side, stock traders had a very nice day Individual names gave us nice moves (JRCC, THQI, NBIX, ESLR, SONE, AMAT, MAC etc). Risk for today will stay the same as yesterday.
Today I will again look for âown wayâ swing trades and day trades as
AMAT
http://www.ivicacharts.com/diagrams/2007/04102007amat.jpg
http://www.ivicacharts.com/diagrams/2007/04102007amat5.jpg
ESLR
http://www.ivicacharts.com/diagrams/2007/04102007eslr.jpg
http://www.ivicacharts.com/diagrams/2007/04102007eslr15.jpg
Those who took SONE can move stop to breakeven area. I will look for 7-target area.
http://www.ivicacharts.com/diagrams...4102007sone.jpg
http://www.ivicacharts.com/diagrams/2007/04112007sone.jpg
Here are few ideas for 04/11/2007
http://www.ivicacharts.com/diagrams/2007/04112007au.jpg
http://www.ivicacharts.com/diagrams/2007/04112007fis.jpg
Wish you good trading day
Ivica
We got another range trading day, a total of 38 points movement in the DOW. This is very difficult for equity traders because of a narrow range and intraday action without a trend is always higher risk. On the other side, stock traders had a very nice day Individual names gave us nice moves (JRCC, THQI, NBIX, ESLR, SONE, AMAT, MAC etc). Risk for today will stay the same as yesterday.
Today I will again look for âown wayâ swing trades and day trades as
AMAT
http://www.ivicacharts.com/diagrams/2007/04102007amat.jpg
http://www.ivicacharts.com/diagrams/2007/04102007amat5.jpg
ESLR
http://www.ivicacharts.com/diagrams/2007/04102007eslr.jpg
http://www.ivicacharts.com/diagrams/2007/04102007eslr15.jpg
Those who took SONE can move stop to breakeven area. I will look for 7-target area.
http://www.ivicacharts.com/diagrams...4102007sone.jpg
http://www.ivicacharts.com/diagrams/2007/04112007sone.jpg
Here are few ideas for 04/11/2007
http://www.ivicacharts.com/diagrams/2007/04112007au.jpg
http://www.ivicacharts.com/diagrams/2007/04112007fis.jpg
Wish you good trading day
Ivica

