20070314 - AFFX - 15mins - Mrs. Gain

Symbol: AFFX
Type: Long
Entry: Beginning of 5^th bar
Exit: 6^th bar at the 119% Fibonacci Level
Result: Would have made almost 2.0%

I didn’t like the 1^st bar too much because of the long upper and lower shadow hinting a bit of uncertainty. Still, the prices retraced slightly during the 2^nd and 3^rd bar, with the 4^th bar finally breaking through the opening bar high. The 5^th bar cleared the opening high, with 5eMA providing a close range Support. I would have entered on the break of the 5^th bar and close out by position when the price hit the 119% level.