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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Close, but no cigar

Zenhunter Thu Feb 28, 2013 3:59pm EST 1 Comment

Take a look at the SPY daily chart below.

SPY_Daily

It has broken out of the symmetrical triangle to the upside but it could not maintain the upper price level.  Now, it looks like it will close inside the triangle.

If tomorrow fails to break out again and stay above; we may have a consolidation period inside the triangle.

Currently holding LRAD, AMRN, USU, PACB,  SZYM, GLOG, DCTH, CUR, GLUU and 39% cash.

Trade well!

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One comment

  1. JimH
    JimH
    March 1, 2013 at 4:57 am

    missed this post… ignore the previous comment
    thanks

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