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[Previous entry: "Mojo's Trade of the Day"] [Main Index] [Next entry: "NEM--the importance of the 3x3"]

01/08/2004 Archived Entry: "HCR—a two day trade for .71"

click here for HCR chart
1/7 ProfitPoint subscribers received HCR chart 12/28. This was a difficult chart with three possible trades. Using the 1st option, we entered long 12/29 @$33.79 and sold 12/31 at 1st profit point at .618 retracement of $34.59. Because of the complexity of this chart we didn’t get greedy and had an order in at $34.50 for a small gain of .71. We will continue to watch HCR for the other two possible trades.

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