What Would You Do?

Let's see how how group consensus works in technical analysis.  As I look through the portfolio, F5 Networks (FFIV) provides a dilmena I often see.  The stock has pulled back nicely after a huge gain to the 20 day moving average (just above).  But it just created a potential double top.

[click to enlarge]

What would you do here?  Buy? Or Wait?

Being Mr. Cautious of course I am in the "Wait" camp..........but of course the status quo is to buy every dip.  Frantically.

If you want to take ownership of your vote above or post a specific reasoning, feel free to add a comment below.  I'll check back in a week for now to see which commentator is correct, at which point you will be rewarded with a FMMF Technical Analyst of the Week award. 

*no prizes involved*
*Residents of Hawaii, Alaska and that land mass between Minnesota and Alaska excluded*

Also for fun, check out this commerical for Chantix.  I don't know what is worse - the damage from cigarettes, or the damage from taking Chantix.  Holy side effects Batman.




Long F5 Networks in fund; no personal position

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