7 Nov Long CHDX from Watcher Scan
Nov 8th, 2007 by Trader-15
Indices looking weak today. Decided to keep to day trades.
Found CHDX on the Watcher Scan looking like a potential snapper on stronger than average volume (Watcher minimun volume ratio=2.08). It peaked at 31.62 at about 10:20am EST. Decided to enter around 68% pull back. See trading plan below.
Status: Trade Closed Reward: $95.60
- Exited 1/2 position when it failed to make 2nd high at 30.99.
- Exited 1/2 position at about 2:13pm when on the S&P 500 index , it looked difficult getting above the high set at 13:51. See S&P chart below. ( Note: This with hind sight was pre-mature … oh well ;-)
- I am jitterish today as I gave away a $450.00 paper gain yesterday because I was bullish and “sat tight when I was not right .


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