| Forget the trend channel: market show no quit! |
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| Written by Gary B. Smith |
| Sunday, 10 January 2010 15:33 |
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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.....
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. |




