is a robust instrument of economic stimulus.
After several days of no breakouts to speak of, today’s strength has created several picturesque charts.
The volume on the initial breakout in McAfee, Inc. (MFE: 41.53 0.00%) is impressive. The volume on today’s move is also notable.
Raven Industries, Inc. (RAVN: 30.26 0.00%)
Its all about the volume on Sapient Corporation (SAPE: 9.76 0.00%) .
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MFE looks like a short sell now. I’d set a 1% stop loss. If that’s stopped out,
I’d try again at 41.6 yearly double top.
I have one signal, says short now.
I have an eps trend, says MFE should make it to $41.6.
A challenge for Woody:
Get out your crayons and ruler and show us you TA skillz on this chart.
http://finviz.com/map3d.ashx
Zee- looks like you stopped out.
on your SKF charts are you saying should be buying —selling –or the stock is being shilled …im very new and really havent learned to read these charts yet ..but i am listening and learning …i did get posistioned in SKF @116.56 today near the closing bell thats when i get home ..kinda wish i saw your posts first…when i tried to do the chart myself the other day i was going to wait till it droped to $81.00 …yeah …wow
I set the stop at 2% ( old habit) on MFE, so as luck would have it, I exited with a small profit.