Potash Corp Sask Inc. (POT).

Despite the large market move, courtesy of General Electric (GE), a lot of the stocks I watch did not move much.  Potash (POT) has a nice little island top that I am really looking at for a downside breakout.

But it has been very resisiant in the last few day.  Popping it’s head up to new highs, and then coming right back down.  When it recovered from its opening gap down, I figured it would try again, and I would try to capitalize on it.  On a 5-in chart, the 23rd bar finished at its high right at resistance.  I took and entry on the next bar, and actually got a few cents from being stopped out.  Fortunatlely, it reversed and did break out.  I wasn’t looking for the break to hold, as was the norm for the last few days, and when it printed an indecisive bar on moderate volume, I tightened my stop and was taken out.