Monday, August 29, 2011

PMT Follow Up

PMT gave us a very good high probability/low risk entry on Friday, 8/26


Today PMT broke out.

 Trade date with good risk/reward characteristics.

 Another outstanding daily leading positive divergence

 Here's the pullback inside the triangle and accumulation that started up again bringing this trade to my attention.

This is a possible stop, but again, with that kind of daily chart, I want to give this trade as much room as possible to overcome any short term volatility.

SRS was also adressed in the same post, if you went short SRS Friday, congratulations, that's a nice 1 day gain.

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