Wednesday, September 8, 2010

Last Night's Trade ... MSPD

Above you see the daily chart of MSPD-the false breakout and now the confirmation of the bull trap. It's looking like a great trade-even at these prices. The false breakout lesson is a valuable one as well.

Here's 3C's 5 min chart into a leading negative divergence,

As far as the speech, I don't think there's anything new as far as the market is concerned. This is just a campaign speech.

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