Despite the Recent Market Carnage… - 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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Despite the Recent Market Carnage… 0 comments

Jun 15, 2011 1:52 PM | about stocks: CMO, CPHD, SWI, VVTV

Here are four bullish chart patterns below that showed up on my bullish scans today. Today’s bounce was rather weak when you consider today’s volume on the Nasdaq, but it’s a start. I closed my only position in CORN today after the selloff and I’m glad that I took half off the table last Thursday because today’s move is ugly and unexpected. My head is completely clear to trade long if we’ve reached a bottom or short should we role over. I have no bias either way.

Stocks: CMO, CPHD, SWI, VVTV

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