With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market support because market direction cannot be determined that early.
VECO gapped over the trigger, no play.
JDSU triggered long (without market support due to the first five minutes, also you don’t want to chase big gaps) and didn’t work:
ENTR triggered long (without market support due to the first five minutes, also you don’t want to chase big gaps) and worked some:
In the Messenger, RIMM triggered short (with market direction) and didn’t work:
Rich’s SLW triggered short (with market direction) and worked:
GOOG triggered short (with market direction) and worked for a couple of points:
NFLX triggered short (with market direction) and worked:
Overall, that’s four triggers with market support, and 3 out of the 4 worked.
