Friday, September 18, 2009

Mind Your P's With Your Q's


"Mind your profits with your Q-stocks" that is! What a great run yesterday in both of these stocks, you'll notice LEHMQ set up a real nice bull flag and broke out twice, once in the morning and once intra-day. Catching this one right makes for a nice turnaround.


LEARQ used its MA's for leverage and jumped off a falling-ish wedge that could've also been considered as a bearish triangle; however on the daily charts with the market in a rally, any bearish triangle is always susceptible to a nice reversal trade upwards!