Market Diary:
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Thursday, April 14, 2011

SembMar - Swing Trade Setup

[ End Of Day Update ]

The entry at $5.88 was triggered. Prices rallied to $5.92 but closed below the trigger price at $5.85. If you have taken the trade, you should remain to be in the trade since no stop loss was triggered.

[ Intra-day Update - 9;30am ]

SembMar is up 2 cents despite the index is down 11 points. Yesterday closing was a doji at star position touching the 20 SMA. CCI was < -100 in oversold zone. There is a Swing Trade Setup pending for trigger. The trigger is at $5.88. Target being the last significant high. The setup will be invalidated if prices break below yesterday's low.