Finally, DJIA broke past 11700 and FKLI gap up way past my stop loss at 887.5/888.0 Got out my short position trade #17 at 889 - loss 4.5 pts.
Trade #18 is triggered long position at 893.0
Stop loss at 890.5.
Average daily range has been reached i.e. 896 -888 = 8 pts.
there is limited upside now.
Friday, November 18, 2005
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