Larry, I trade in and out quickly, and if it moves against me I am out asap. The pattern is what I wanted to bring to everyone's attention. It seasonally goes up until March or April sometimes, but it is beginning to test resistance after not having a breather in a long time. The ascent rate is fast, the bb are wide, it is overbought, and I think any hiccups would cause a pullback. Having said that, it can go much higher at which point I will be long gone, waiting for the another opportunity to short.
From the long side, I am still riding SID, RIO, and PFE, but out of NOK and EWZ as of late this week. If you want to see some bullish charts, look at the first two! Moreover, SID and RIO will be announcing record dividend payments soon. News at eleven. |
