Shake It Up
Fast moves often come from false moves. I wish I had a nickel for every time
I heard that old bromide, but it is true. Fakeouts and shakeouts are part of
this game, and if you are going to play, you had better learn to recognize them.
13:13:56
Intraday Setup Alert
Macrovision (MVSN)
is trading in a Slim Jim just below the intraday high. MVSN is now up 1.46
to 52.30.
Macrovision
(
MVSN |
Quote |
Chart |
News |
PowerRating) forms a Slim Jim, then undercuts it slightly,
after which it explodes out of the top for a 1 1/2 point gain.
Don’t let this action scare you when it occurs. The re-entry is
most often a lower-risk play after the “scared money” has been shaken
out.
Until tomorrow,
Duke