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August 27, 2013 at 2:20 pm
#2623
Steven Place
Keymaster
ZION is getting stopped out here on the gap down. 28.48 was a hard stop, and we need to close it out at our planned risk.
The lack of follow through was a major issue in ZION, after the higher high, the breakout failed and it went back to retest key support at 29.25. An adjusted stop there would have been a good idea, but the gap higher in TLT and gap lower in SPX created a very poor environment for that trade.