Sunday, January 29, 2012

Short

Holding AB at a 2.3% loss, I initiated 2 short fund trades on Thursday: DOG and SH, based on the Gartley pattern previously posted.  Reports suggest 60-70% success for these.  With a stop above last week's high and targets fo rthe next swing low they look like this:



DOG SH
Buy $37.31 $38.55
Stop 12842 Dow 1333.47 SPX

$37 $37.89
Target $40 $42.00
R/R 5.28 5.23













Targets may be non-conservative.  Stops are about a dime below the latest SL.


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