Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

EBAY bounced just off the 51 area as we said, its not enough to call a general buy or sell set up but we also like to include one of our favorites the "reversal" play off support and price triggers and 51 was our price trigger for a recovery today and it was just after 3 wide range red bars that 51 area that was a climactic sell off and the next bar high was 51.08. We had a two-trend day for EBAY today and if you waited until the bounce you still did well.