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Today we take a look at WYNN on the 2 minute chart. It was alerted by Clay as being ‘still in a bull river.’ We discuss which particular strategy might work best to keep our risk to a minimum and be open to a large move in our favor. The panic buy seems to make the most sense in this scenario (pull back entrance). After looking closer at the chart we see that .60 IS the true level of resistance turned support regardless of how much we focus on grandma numbers. The chart always dictates what levels are important. Depending on how tight your stop loss was, some people utilizing a moving average were stopped out relatively fast. Those who had different entries/stop losses are in the trade. As always, we discuss how we trail our winners to really push the ones that want to continue to pay us. You truly CAN go broke if you believe ‘profit is profit.’