Tuesday, October 28, 2008

Free Fall - SHW

5 Minute Chart

(Double Click Picture for a Larger View)

Stock: SHW 5 minute chart
Entry Bar: 23
Entry Green Line: 48.72
Stop Red Line: 48.32
Result: .48 to 6.00 if you held all day
Setup Grade
: B
Notes: Beaten down, nice volume increase capitulation, scale as you go, Out of SSO in my IRA as well, nice push at the end of the day.



* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

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