FAILED BO-5 RANGE RUN 12/16/11

BOT TRADING SYSTEM

We see this occur: PA runs the range and breaks to one extreme, fails, and reverses to break the opposite extreme.

1. B1, 2, and 3 run the range, fails and returns to the lower short for a BO.
2. Play range-to-range and watch the 50CB failures
3. B4-5 was a MAXT/CB50 combo  and CB50 BO.  The CB at 1218 was not tested.
4. B5 begins the range run and a new CB50.
5. The long break out should run for 7-10 points from the low (1216.5) which would be near the long BOT BO for 5 points (BO-5).
6. A BO-5 is always the target 1.  If it fails (or other signals develop) PA is likely to  reverse the range.
7. B9 was a potential reversal/PB signal
8. PA moves to test the B7 CB50 and was a range reversal
9. PA moves to test B5 CB50 at 1218
10. Short BOT BO
11. BO-5
12. BO-10 fails; should see a PB to the BO-5 level
13. B 30 CB50 failed test