Thursday, November 16, 2006

Dummy Trade of the Day - Network Appliance, Inc. (Public, NASDAQ:NTAP)

I didn't have time to run any scans at work today, so all I managed was a quick scalp on NTAP as it paused for a quick consolidation midway through this rally. This is a 10 min. timeframe. Click on the chart for a larger view and you will notice how volume diminishes during the consolidation and immediately picks up as price moves forward. These are the little details to look for when trying to catch a move that's already underway.

Blogger Problems posting charts again tonight. In FireFox, my charts are cut off at the bottom and in Explorer I'm just getting blanks.

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