Tuesday, January 15, 2008

Tonto Trade – DISH (Echostar Communications Corp.)



I liked:
1. Gap down
2. First three bars get narrow and are inside bars
3. Volume decreases
4. 5 EMA is in close proximity (not as close as I would want) to the top shadow of third bar.
At noon, DISH started to flatten out so I decided to exit.

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