Typical Monday around here lately, nice and boring but I did happen to find a play in T which I found on my gap down list. I scored the gap as a Tier II gap, it could have been a Tier I if the market was not also gaping down. I needed a legit entry in T for me to enter the play which came near 9:35 am reversal time. I entered the play first @ .15 cents with light shares but soon found myself stopping out of the play @ .25. Then T triggered a 2nd sell that again I shorted @ .20 cents but this time price started to fall nicely. Then, price put in a green topping tail bar which gave me a clue to where to add to my play and as the green topping tail bar was engulfed by a red bar I added to my play @ .06. I covered 1/3rd at my chicken target of .00 just in case price were to bounce from this whole number area. I ended up covering more near my 2nd target at .83 cents and covered more @ .91 cents. The goal now was to find an add and reduce area which came 12 minutes later as I added shares short to my play @ .94 and reduced my stop to .06. Price again moved lower rather nicely and I was able to take profits again @ .80 cents, then a huge green bar appeared and closed, but price soon faded again lower so I decided to reduce my stop to just above the green bar @ .94. My longer target was @ .35 cents and I was hoping to hold the play throughout the day but this was not going to happen as my position was soon covered @ .94 Overall, a great play first thing Monday morning…
