Over? I Don’t Think So……
Surprises normally happen in the direction of the trend. Not exactly a
revelation I discovered, but nonetheless true, and easily forgotten.
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11-15-2001
15:12:23
Guidant
(GDT)
is beginning to move out of a triangle. GDT is now up 1.50 at 44.13 and
holds a
3-month relative strength ranking of 82 from TradingMarkets.com.
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When the Insights From The War Room
posts a setup like this, invariably I get a few emails
complaining that this is too late for action, and basically worthless. I
disagree.
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Daytraders have had opportunities on every day following the
breakout, and swing traders have been able to ride GDT higher for more than 7
points. The setup does not end with the breakout. Speculation is about
observation.
Best of all to you and you families. Have a wonderful
Thanksgiving holiday!
Duke