A little after noon today it looked like the market may have finally put in the high of the day and a lunch time fade play might work well. I had VZ on my short list because of it’s 9:45 red wide range bar. I had been stalking VZ for a short all morning waiting for the market to retrace. At 12:10 VZ triggered a 15 minute short which price action was confirming a move lower. Within 15 minutes price had put in a bottoming tail on the 15 minute chart and started bulling my play. I hung in short but when the market put in another 5 minute buy, VZ started to get some volume and price moved up causing me to go ahead and taking an early stop. It’s one of those days that your longs don’t work nor do your shorts… I’m down about an “R” unit for the day, I wish that all of my losing days are this small…
