Finding Good Vibrations can Lead to Great Profits (Part 4)

05/22/2008 12:00 am EST

Focus:

Timothy Morge

President, MarketGeometry.com

Price re-tests the set of median lines at the energy point, getting me long at 1373. After consolidating for several bars, it quickly climbs higher. When it breaks above the prior swing high and closes above the blue up sloping median line, I cancel my initial stop loss order and enter a break even stop loss order.

More tomorrow in part 5.

Tim Morge
tmorge@sbcglobal.net
www.medianline.com
www.marketgeometry.com

Related Articles on

Keyword Image
11 Reasons to Buy Microsoft
7 hours ago

For our latest recommendation, we revisit one of the world's most prominent technology companies, Mi...