MUSE http://www.pristine.com/simon/MUSE_reversals.gif If you can't trade a full day due to other commitments, trade ONLY the first reversal period (9:50 to 10:10 or 10:25) sell the spike high...and look toward the 2:00 to 2:30 reversal period for a trade probably in the same direction of the first reversal period. If you have time take the 3:00 to 3:30 or the 3:30 to 3:50 period to REVERSE the earlier trade. No matter how well your stock might be doing on the upside, the 3:30 or 3:00 period (depending on when you BROKE OUT) will more then likely be A TRADE in the reverse direction. (i.e. a soaring stock will pull back and perhaps trigger a short or at least pull back enough to go FLAT).
This is especially true in the HIGHLY VOLATILE MOMENTUM plays we like to trade.
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