Friday, December 4, 2009

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

TweetThis
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]



Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.

Copyright @2012 FundMyMutualFund.com