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Market Day 2 - Trading the Trader

|Includes: Whirlpool Corporation (WHR)

Okay, along with my last blog, I'm staying strong in WHR even though I have seen a second day of gains early erased by late day profit taking.  I could be wrong on this one but my stop is still in place and has not be hit so I'm staying with my guns.  I could have missed the run which occured last week.  If that is the case and I will be stopped out tomorrow I'm guessing.  If the market decides to make a move up like I anticipated I should still see a sell at $83.50 in the coming week.  If WHR continues in the current channel I would expect a break-out down at $79.50 to the $65-$70 range based on the amount of resistance.