Wave The Pennant…
Breakouts from consolidations are a good play for daytraders. For the most
part, going with the daily trend, where it is clear, it the best play.
9-4-2002
13:49:22
Intraday Setup Alert
Beazer Homes (BZH)
is trading in a pennant at the intraday high. BZH is now up 2.22 to 62.30.
Not all of these work out, of course. But the ones that do
should more than make up for the small losses that will inevitably occur. As
with any sound trading strategy, not letting small losses turn into big ones is
key.
Until tomorrow,
Duke