Tuesday, July 12, 2011

DKS Follow Up 2

Yesterday I followed up on the original DKS short trade idea, I was hoping that DKS would show a little strength to be able to enter a short position into that strength, today, like yesterday, we are seeing some early strength.

I think with some market support, DKS could move into the gap from last Friday's gap down. It would be best if that gap is not completely filled, leaving it as a breakaway gap, but I would consider shorting DKS until the gap is nearly filled, my stop would depend on my entry and market conditions-feel free to email any time about this or anything else.

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