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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Uninspiring Three Line Break Charts 3 comments
    May 3, 2013 7:16 AM

    By Jeff Pierce

    It's very plausible we continue to rise, but these are anything but bullish technical patterns. The Nasdaq is sporting a bearish megaphone pattern while the TSX has rallied right back into resistance. I've been spending the last week or so severely lightening up on my long positions because I felt the market was at risk for a pullback. Tomorrow should put that bias to the test.

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