I still have a few post from last week that I'll get posted when I get a chance but today I just had a knockout day in WFM short. I found WFM on my Tier III gap down list but once you look at the chart, WFM rallied all day long until the end of lunch. As the Q's could not make up its mind on what direction it wanted to go after lunch, I felt that the Q's were still very weak and that a rally in the market would be short lived. I saw the first break down in WFM near its high of day but I still needed a pull back to perfect my entry. I soon got a small pull back near 2:15 pm reversal time. After a series of green bar, red bars, I noticed a solid red bar had formed almost taking out the lows of a sold green bar. As the next bar began to trade below I hopped on short @ .57 cents. Price moved down so rapidly that I started offering shares at every .05 cents lower and finally trailed out of the play @ .15 cents. I had decided that if WFM set up again within 3 bars, I'd short again, well my wish came through so went full share size a 2nd time and shorted at .19 cents and road price down to .06 cents taking my last few shares off the table. Huge play for me and one of the best scoring plays that I've made since I started to score my plays... Wow, what a great day of trading...
