Saturday, March 14, 2009

Friday missed trade - KBH



I was looking at homebuilders on Friday because they had a very weak opening 15 minute bar. KBH had a nice run up into resistance at 11 on declining volume on the daily chart. It bounced off of 11.20 and put in a tweezer reversal on the 5 and 10 minute charts and a hanging man on the 15. Even if I had got the order in at the break of 11, KBH moved from 11 to 10.9 in about two seconds so I might not have been filled.

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