Sunday, February 14, 2010


Did not fall during the Jan correction, sppt may be forming at 1.85.

Can't see how I would play it yet, probably wait for some combination of:
  • 1.85 to be retested again
  • Longer consolidation with narrow MAs. Previously it took 2 months (Aug-Sep) to consolidate. Currently 1.5 months.
  • Breakout, but it is very hard to read volume on this counter,
  • Market direction to be clearer.
My hunch is to buy at sppt, since breakout is too difficult on this counter.

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