Slothrop Posted December 8, 2004 Report Share Posted December 8, 2004 CL. Broke down a few weeks ago and has now formed a "cup and handle" type of pattern. Today, on a sell-off for the market as a whole, CL manages to break above previous resistance. Huge, expanding volume, too. I'll bet it fills the gap somehow, even with other stocks breaking down. Could be that funds are coming to CL as a "defensive" play. It's a 3-day to 3-week trade. Here we go... Link to comment Share on other sites More sharing options...
Slothrop Posted December 8, 2004 Author Report Share Posted December 8, 2004 CL. Broke down a few weeks ago and has now formed a "cup and handle" type of pattern. Today, on a sell-off for the market as a whole, CL manages to break above previous resistance. Huge, expanding volume, too. I'll bet it fills the gap somehow, even with other stocks breaking down. Could be that funds are coming to CL as a "defensive" play. It's a 3-day to 3-week trade. Here we go... <{POST_SNAPBACK}> Let's put in a tight stop loss at 47.25 Link to comment Share on other sites More sharing options...
Slothrop Posted December 27, 2004 Author Report Share Posted December 27, 2004 Time's up. I'm out for a small profit. Link to comment Share on other sites More sharing options...
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