Re-cap and next move

  The Dia trade was not such a bad trade. It made a few pennies. But more to the point it was a poor signal. I saw a possible entry to sell made on 3/25/08. The ATR contracted, that is the bar for that day was well below avgerage. The RSI was over bot and we had a nice formation to sell into. What went wrong then? The price action continued to contract. That is the ATR narrows and the avgerage drops. Here we had the previous week an expanding ATR and then it narrows on the decline of the price action. This is not what I wanted to see. I like to enter the trade as it finds opposition or resistance to its move, in this case the advance. But as this was met, the follow thru of the drop instead of breaking down, stalled. This was seen in the continued contraction of price action as shown in the ATR. Well it spooks me to not see what I was hoping for, so I kept my Stp. very close. I was popped out  on 3/27/08 with nothing to complain about. Yes it went lower to support. But then the pop yesterday cfmed that it was nice to be sitting on the sidelines. Gap opens do not allow sellers to escape with out pain, just as the oppsite is true for buyers. Everyone pays a price when the mkts are not followed carefully.  Now we have a rally. It is a nice one and a happy one so far. I am looking to sell this one at some point. I will wait for a small day and an over bot RSI and a nice formation as before. But I will wait until all things are clear to try the sell. No jumping ahead of things. sell the rally and let it run .  The best to you and yours. Ryeone