Managing a short in AKS steel

Today 04/09 Started a position in the first half hour in AKS still at 23.46. Reason??? On Thursday AKS started wave 4 up on 60min chart, I was watching closely how the stock was gonna handle its 50 ema and TL resistance as a potential targets to end Wave 4. As the market was moving higher, X was dragging the sector lower and AKS failed to take 50 ema and TL beginning Wave 5 down. Here is my first chart of the day in AKS, http://1.bp.blogspot.com/__s4JftuERAs/S78zpJfbvII/AAAAAAAAAfk/7aOSxc4ZeJw/s1600/Screen+shot+2010-04-09+at+4.02.21+AM.png
As the day went on, market was moving slightly higher and X and AKS were making new lows, I made an update on AKS 60min chart posting my first and second target to close my position. here is the chart: http://3.bp.blogspot.com/__s4JftuERAs/S79Txc88aOI/AAAAAAAAAf8/JecvJXmRVSU/s1600/Screen+shot+2010-04-09+at+6.19.17+AM.png

At 14:00pm AKS hit my first target at 22.79 and closed my trade given that the market was not having weakness I needed to hold my position to my second target or to hold it overnight. Here is AKS chart at the close, note how it bounced off TL support:
http://4.bp.blogspot.com/_7d7IV_eiI68/S8AhYq_XiBI/AAAAAAAAAxk/VaP-pFiHpF0/s1600/Screen+shot+2010-04-09+at+8.56.54+PM.png

.... Going into monday, I ll be watching AKS again for a potential right shoulder of a Head & Shoulder pattern, lots of resistance ahead 200 ema, 50ema and TL resistance. Here is what Im going to be looking at:
http://3.bp.blogspot.com/_7d7IV_eiI68/S8AkM6kRgAI/AAAAAAAAAxs/Lmd3oGMSOv0/s1600/Screen+shot+2010-04-09+at+9.08.35+PM.png

Remember, Before I trade a stock I trade the Market first (watch the market and figure out what could do next), I trade the sector second (in this example I looked at the leader of the sector X and the Index $DJUSST)...... and trade the stock last.

Best trading to all...... ALOHA