CFD short few days only on WPL, strategy based on book ' Street Smarts' by Larry Connors & Linda Bradford Raschke 1. Look for a new 20-day high 2. Must be greater than 4 days since previous high 3. Short sell order -a few cents below this old high as a break-back correction 4. Hold into close or next day only Place stop-loss just above new high of same day 5. Target should be sensible
In this trade I shorted 400 shares
Comment
My target is 2290 ( +0.70 c) because the spread cost 8 cents so a little higher than my projected corrective target based on previous corrections....
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