QQQ update and TraderHank’s play in KLAC

The Q’s opened neutral and rallied the first 5 minutes setting the high of the day @ 9:35 at 62.49, then we sold off taking out the low from yesterday confirming our continued down trend in the market.  The Q’s made a lower pivot at 62.03 at 10:00 am and rallied upward to test the highs again by 10:15 where again we sold off hard making a new low of 61.85, currently the Q’s are slowly bleeding lower.  My first trade was in KLAC which ended up on my gap down list.  Not a great gap but it did have a void to the 44.15 area and I found a nice entry short on the 2 minute chart.  Price action was just a slow bleed lower until just after 11:30 when price action started to accelerate downward.  Price came to within .15 cents of my target setting a Bottoming tail, while I was not at my target yet, I was up .40 cents with my full share size so I covered my position.  Price did rally a bit then it rolled over hitting my target of 44.15.  Staying in the trade with full size is really the only thing that I need to master for mega success.  Here is the chart of my play in KLAC…

KLAC 11152012