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[Previous entry: "FibMaster in Las Vegas in November.."] [Main Index] [Next entry: "S&P Intraday chart for today."]

10/29/2003 Archived Entry: "S&P 5-min trade today."

Click for RRT chart.

A quick and painless defined/low-risk couple of points!

This chart outlines the most reliable trade of the day, in a very mixed market. It was a rejection of the high of the day. This is a DiNapoli RRT pattern. If you have the DiNapoli book, print this chart out and place it near page 98 of that book.

The pattern is more obvious on a 5 minute chart, but with such a small pattern I decided to trade it on a 1-minute chart. Also because of market conditions I did not trade it exactly as described in the book, I adjusted my entry a little.

I hope you enjoy this chart and make use of it. This type of education and assistance is what the website is about!

-Neal.

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