Forget the trend channel: market show no quit! PDF Print E-mail
Written by Gary B. Smith   
Sunday, 10 January 2010 15:33

I'll make this short and sweet: I thought the top of the trend channel would trap the S&P and it'd sell off.  Said as much this past Friday.  Uh, that didn't happen and instead the averages went up and look strong not weak.  (Of course, I did show a fair amount of longs last week, so I got that right...)

Also, I'm still wondering what happened to the 2010 selloff I was yammering about the first week of the year.....

                Forget the trend channel: market show no quit!

 

As for last week, a pretty good one for the picks: Winners were MGA, MLR, MEOH, CAGC, CERN, HIG, STLD, VRX AND SPW.  Losers were CRMT, WG, and ANF.  LEAP was unchanged.