Wednesday, May 19, 2010

Current market action may lure me back in...

The markets appear to be on the way to forming another bullish hammer. After the shake out earlier today with the failure of the bullish hammer on Monday this time around the hammer candlestick pattern may work.

I have my eyes on a two stocks for entries this evening heading into the close of trading; APKT and CRUS. Then if the markets follow through tommorrow I will be looking at LSCC, BIDU and CSTR for possible entries should the markets follow through on the strenght I am seeing this afternoon.

Thats my tentative plan for now. Good luck and good trading!

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