If the bulls are going to make a higher low (1123 on the S&P 500 held in well today) and put together a tradable rally, I expect to see more charts like the ones below. Note they were toying with breakouts from resistance trendlines on Friday, and then followed-through higher today. Merely a few charts will not suffice, though. You are looking for a proliferation of names to set up and break higher in this manner.
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good solid names to
yep… I get the gut feeling we are basing here.. higher lowers on most time frames… although that’s nothing but a useless gut feeling…and those have never served me too well 🙂
How in the world did AN climb this high? Highest employee turnover in it’s sector. Self insured. Does anyone know what their wholesale losses are? Oh yea, it was the bailouts.