When Being Wrong Is Not A Failure
Setups are only setups. Without the trigger based on strict criteria, the
setup alone is worthless. Remembering this rule will help to keep you out of a
lot of losers.
08-29-2002
12:51:21
The Biotech Holders ETF (BBH)
is pulling back following a thrust to the upside. BBH is down 1.19 to 83.94
and is holding a
3-month
relative strength rank of 79 from TradingMarkets.com.
From Thursday, we see the BBH forms a good-looking setup that
does not follow through.
Since the stock never traded above the previous high, there was
never any trigger, and therefore no loss. Remember this example when the
temptation to jump in early haunts you.
Until tomorrow,
Duke