TraderHank’s 15 minute sell in JOY

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 My last play of the day was in JOY which I found on my gap down list as a Tier III gap which can be played sometime in the afternoon preferably on the 15 minute chart.  My entry came on a 15 minute sell setup at "HOSS" which is the 200 ma.  Price took an additional 2 1/2 hours of sideways action before JOY broke down moving nicely to it's target at 62.30 which was the prior low set earlier in the day and I covered 1/2 of my shares.  Price soon caused me to cover the rest of my shares for a nice 1 1/2 "R" unit of profit.  Overall a nice 2 1/2 R's for the day, who said you can't make money when the market is selling off hard...

JOY02212013
JOY02212013

   

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