Be A Stalker
You have to have the patience to stalk a stock to be successful on a
consistent basis. While the market has been down this morning, I have been
looking at a lot of previously strong stocks tracing out a familiar pattern.
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09:51:39
 Cabot Microelectronics (CCMP)
is pulling back from its high following a thrust off the October low. CCMP
is now up 1.33 at 65.99 and is carrying a
3-month relative strength ranking of 95 from TradingMarkets.com.
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The nature of price movement is to thrust, pause and then pivot
in the direction of the trend. Stalk pullbacks setting up, and you will ready
for the next move up when it occurs.
Until tomorrow,
Duke