My next play of the day came near reversal time at 10:10 am in ABX which I found on my 9:45 wide red bar scan. I really wanted a short at this time feeling the market was due for a turn and ABX was the only stock on my list with the correct chart pattern. I usually stay away from ABX because of it's correlation to GOLD and sometimes this equity will trade against the market's trend and sometimes it will trade with it's trend, basically too confusing for me. Anyway, went for it taking the first 5 minute sell that triggered and price just grind downward all day long. I finally sold near the end of the day just shay of my target at 30.15 as the market was rolling over. My feeling was that ABX could rocket upward taking my day's profit with it. I covered my short in ABX with a 1 risk unit of profit...
ABX02282013