Friday, December 4, 2009

Breakout Buyers Get Whack a Mole'd Again; Back into the Box We Go

Remarkable... 3 days in a row of reversals after a breakout to new highs....  I think breakout buyers must feel like these critters.

It's been a change of character, since buying a breakout on the index has been one of the most no brainer trades for months on end.  Certainly something we've been milking.  Not working this week.

I guess back to the box we go for now, day 18. [Dec 2, 2009: Day 16 Stuck Inside the Box]

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