Chart Folder - February 21, 2003:


10:55 L 836 exit 837.25 (10:30 rev..DB w/mom)
11:45 L 843.00 exit 846.00 (breakout of little pennant in green)
11:55 L 847.25 exit 848.25 (more mom)
2:12 L848.25 exit 849.25 (mom broke res.)

10:00 rev. would have worked...but we did not have the Nasdaq.
10:30 was our best set-up but it did take patience.
The afternoon session was good and we had a few nice simple mom trades, and a head and shoulders pattern to play with.

Thought for the day...

"Fear nothing but what thy industry may prevent; be confident of nothing but what fortune cannot defeat, it is no less folly to fear what is impossible to be avoided
than to be secure when there is a possibility to be deprived."

 

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