Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, April 02, 2009

 

Taking a break

The below chart shows why we closed out our positions:



We had anticipated a breakdown from this Head and Shoulders pattern, but the breakout this morning above the head nullified that pattern. It was a nice setup, but it didn't work this time.


We're going to take a break from the market for a while to focus on taxes.

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