Friday, June 5, 2009

BUY DIPS of 5 pts OFF OF HIGHS

946 recent high at 12:55PM

941-940-939 are decent entry prices for longs -

I view 948 as a great exit for any longs.

Risk 3 pts from entry. 938 stop. 948 target.

@ 941, risk is 3 pts, upside 7 pts (3:7)
@ 940, risk is 2 pts, upside is 8 pts (1:4)
@ 939, risk is 1 pt, upside is 9 pts (1:9)

I recommend 1 of each, if you can afford the loss.

The environment is BULLISH here - indeed -

945.25 last 1:01PM

No comments: