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Strategies & Market Trends : Longer-Term Market Trends

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To: skinowski who wrote (1012)6/22/2008 5:25:30 AM
From: AllansAlias  Read Replies (1) of 3209
 
PFE, one of ski's favourites.



One could buy it here, particularly on a wee throwover of the 'e' down to $16.80 or so, or wait for the expansion bars to the upside to signal that the triangle setup is likely real, then buy on the first scary pullback.

The "hound signal" is it doing the opposite -- falling down hard out of this triangle. If it does that, it is a good short.
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