RE: SIMSCI 31-May-2006 : Potential short

It was rather slow trade. However, it was profitable. Entry at 282.9 and exit at 282.3. It is a very small gain. Exit decision was made as RSI was making higher lows in oversold zone and recent downtrend line was broken. I have considered failure swing in RSI as one of important factor to enter the trade, and same treatment is for exit. The objective here is to capture the intraday movement with the effect of market sentiment and profit from it. Small gain +0.6 point. This is 12-min chart of SIMSCI.