On 9-6-2000 the September S&P rallied over 3 points
off the open but then sold off just below the low
of the day and stalled around 1510.00. Meanwhile
the Dow was surging to new highs, up 122 points,
so I bought at the market at 1510.50 and the S&P
immediately rallied. We covered as the market was
heading up at 1514.30. It hit 1515.00, and then
collapsed to 1507.50. I sold 1510.90 on the rally
as the market topped at 1511.80. Of course, at the
time I wasn't sure it was the top and for some
reason decided to bail at 1511.00. 

Sometimes I get a little too protective of an
earlier profit. This was a perfect DCosc setup
pattern, and the market collapsed again to 1503.40.

You have to give a trade a chance.

At 11:44 EST I sold 1507.70, but short term support
kept holding so I finally took profits at 1507.10.

The market continued it's rally and Choice Daytraders
had an order to sell in at 1510.30. When the market
touched that price at 12:57, I immediately signaled
to drop down to 1509.90 and we enjoyed a nice
sell off. I had a feeling we should hold this trade
until the close, but decided to cover at 1504.60.

This near perfect sell made use of the proprietary
indicator Lee Robinson, one of my students, 
mentioned a couple of newsletters back. This pattern
and setup almost always yields a huge profit. 

Unfortunately, it only occurs two or three times a
week.

Yours for success,
Ellery Coleman

The trades referred to in this article are trades that were sent to our Choice Day Trades subscribers as they happened. We have no way to verify whether or not all or any of these trades were taken in real time since we did not take them in our account. Therefore they should all be considered hypothetical.

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