Updates 5.30.11
Stopped out of the trade for break even.
Updated 5.24.11
FFIV gapped up in the AM hit resistance against at the 10 day moving average and quickly sold off. A great short entry would have been on the failed bounce around $104.50 with the stop at the highs of the day. Overall markets were weak. Looking to cover some around $100, 50 daily ma.
Possible short term support $ 102 but a retest of at least $100 is very likely given the overall weak markets, and $100 being a big physiological number.
5.23.11
Notes are on charts. With market weakness this might a good short opportunity.
