Friday, January 7, 2011

MOS Swing Trade +?

Take a look at MOS, it's not quite the commodity play I talked about last night, but it's related certainly.

 MOS broke and rallied once more, it looks like it's giving way today. This is a pretty decent low risk position to try a short trade with a stop above yesterday's high. This will be on the January trade list.

Here's the 30 min 3C chart looking very bad at the attempted highs that did not hold.

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