Hi Lo Mo

Discussion in 'Strategy Building' started by Jordan, May 28, 2003.

  1. Jordan


    Besides the last three days for Mo looking like the Panic Button on a cartoon - I'm willing to risk a hi-lo break tomorrow. I don't care which way it breaks... and I will reverse. This is an NR4, and one day shy of an NR7.

    Check out the 60 minute chart. Recognizing that periods of low volatility precede periods of high volatility, I'd say there is a nice opportunity for at least a quick hit, if not a nice run. And Mo trades enough volume to allow for some good size on the trade, too. We'll be lucky if it doesn't gap on the open.

    Any other thoughts?