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Monday, February 13, 2012

Microsoft Corporation SHORT TRADE ENTRY

This is a setup for an entry short in Microsoft Corporation  (Public, NASDAQ:MSFT.) Both the daily and stronger weekly chart are close to reaching prior supply zones. I will wait for MSFT to climb into the zone and then fall back out. I will open at $31.02 as she falls and cover below at the projected prior demand zone. Stop loss should be no higher then $31.67 (off weekly.)
**MY BAD** I posted that the stop should be no higher then $61.67 (WRONG.) It should have read no higher then $31.67. I've made that correction in the post above.

Update: Trade idea closed no entry 2/23/12


Again to remind everyone.
** Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise. **

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