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Today we look at DAL on the 5 minute chart. Clay polls the room as to what they would alert as we watch the candle form. We also discuss the differences between a pull back and a deep pull back. After identifying some important levels, we poll the room for their trade plan. As we scroll the chart we see that it reacted very strongly to the 200 sma. This provides a great example of why we don’t believe in ‘profit is profit.’ We are in the business of taking what the market is willing to give.