Monday, November 1, 2010

HIG SHORT

HIG is breaking down out of a bear flag. The recent 3C action on the DAILY chart has shown a very negative divergence recently. Take a look, a stop can be put in just above the breakdown point /support or a bit higher-this still becomes a high probability/Low risk trade if the 2% rule/position sizing is used and it has already proven itself thus far. I like the short trade here.

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