Thursday, February 11, 2010

Sharp Turn Around

Just as I was beginning to convince myself that I should close out all my positions and go flat the market they started rallying. So far the rally seems to be fairly powerful and a number of leading stocks have moved up with some even approaching new high territory. If the markets continue like this and close at the high of the day, I will not only hold onto my current positions but I may initiate positions in two stocks I like: FSII and CHOP. Below are there charts with buy points and stop loss points indicated by the yellow lines.

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