[RT] day trade vlnc/ 11 ut of 14

[Proffittak@xxxxxxx]

Good Morning

VLNC  traded up on a big down day
it closed   close to the hi of the day with nice  volume
it is above BOTH  10 day and 40 day m/a
point and figure reversal  took place at 23
support at  20.5
resistance   24 7/8
for the bold ones  short if opens  1-2  up
with   stop  1  above open
objective for the short  22.5-23
for the conservative play  buy on a pull back  @22.5-23
(it may take place at the end of the day)
yesterday  omkt   got me stopped out on the short  only to be right  at
the end of the day
but you MUST  follow your trade plan or else you LOOSE  in the long run
chart to follow by lenny
happy trading
Ben