Tesco Gap

Actually, I did consider re-opening my short as it gapped up to the top of this channel:



dl.dropbox.com/u/20815047/TSCOdailychannel10_01_13.gif

I had considered placing my original short stop above this channel but felt that 351/353 ought to have been strong enough. I think there's a good chance of a gap down tomorrow if the FTSE closes below 6106.

wait for the gap fill to enter long.
This gapped above strong resistance so chances are it will become strong support.
the gap fill level is at 353 and the level with strong support is at 351.
On the other hand if it gaps down tomorrow then bets off so maybe watch what happens tomorrow just incase for an island.
im always extra careful if its the third gap up.



dyor

You consider going long on this Jackozy? I'm tempted to invest for a longer period now but I was hoping to get a better price.

This gapped up over my stop so I'm out for a loss now. Time to walk away...

False breakout maybe

I'm short on this too mate but if it does close and stay above 351 resistance I'm going to consider investing in shares for longer term.

Also its a good thing if you are making me think hard. The steam will clear out the dust and cobwebs