My next trade was a 15 minute sell setup in CREE that I actually zoomed down to the 5 minute chart and entered just after a wipe out bar. I found CREE on my gap down list this morning triggering the Daily sell in CREE. I was hesitating on the play until the GBI appeared (green bar ignored) on the 5 minute chart. Price moved lower nicely and the play had high hopes of hitting the low of the day, but price could not make it through the 200 ma and I was forced to sell 1/2 of my shares and finally having to exit the entire lot once a 5 minute red bar was taken out by a green bar. Ok trade about 1/2 R gain…
