Here’s another look at BIDU. Yesterday it broke down from our ascending triangle, which would have been a perfect short opportunity. Regrettably I missed this one, but it may have more room to fall should it break the $120 level. Keep it on the radar.
The plan for ’09 is to have a video once a week, with 10 stocks I, we, will follow. Similar to what we did with BIDU this week.
I will review the charts throughout the week, and spot entry and exit points. It will be educational to the new trader and also create a watchlist for the experienced trader.
RC – That is an excellent plan and I look forward to following along with its development.