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  • Thursday, July 14, 2005

    RMK Short sell

    RMK was taken short as a fade off the morning gap up. The gap was crossed thru as MACD began to turn down on my 5 minute and 13 minute charts.Large orders also began to come in on the offer at the same time. Again I had several reasons to take this trade.Short entry was 27.90, coverd at 27.71. My exits have been a little premature today, at the same time it's a little harder to have conviction on the short side with this market pushing ahead as it has.


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