i'm short SIRF. dryup reached Average Dryup already. i entered a little before 25% pro rata volume. at 27.41 earlier today at around 10 or so.
Here is the 30 minute chart. Circled area within the steep (thin green lines) up channel represnts an FTT of that Green Up Channel. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1396738>
OK, I see what Spyder's saying, and he's right. I just wasn't annotating that tight. Blue is several day trend red is what I use to find a trend within the blue trend and pt 3 to find a possible entry point (at my 1st post time) greenish is what I wouls use to mark trends within the red - ftt's, fbo's, etc...