LVLT Short, 10-24-2006, 15 min chart:


This was a quick one. Green line is my entry at break of 2nd bar low ($5.46), target was 15 min opening range low ($5.33), with a stretch target being the fib extension below ($5.10) if it acted right. Stop (red line) above 2nd bar high at $5.57, also above the OR high and the 38% retrace. I liked the descending 5 ema too. The only red flag was that strong first candle after the gap down. Whadda ya know, it rallied and stopped me out. Anybody want a surefire system? Fade my trades. :P