Wednesday, October 3, 2007

SNAP BACK UP

Here's my criteria for entry:
* Play off the 50MA
* Doji followed by bullish kicker
* In middle window, red and green above 50...while orange and red in snap back position.

GOOG
Here it qualifies for my watchlist by breaking above the 50MA.
Note the very powerful move above the LR30-30 too.

After the snapback move on 9/10, I set my entry @ $529.83...the swing high...on the doji day 9/17. The next day was a bullish kicker and I got in with 1/2 position here:

On this doji day with the snap back up fully loaded, I set my entry @ $571.75. The next day I got filled with my other 1/2 position.

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