Friday, January 11, 2008

Looking for shorts after the bounce

When a TD Sequential triggers the stop loss point, it is usually a good idea to start thinking about shorting that stock. I have discussed this in previous posts.

As the market bounces a little, I will be posting some charts that look shortable. Here is MGM. It triggered its stop loss and is now bouncing back up to towards that important level. Look to short in the shaded region.

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