Thursday, May 06, 2010

Small Caps - Downside Objective Reached

I just wanted to post a quick update on the small cap stocks.  Above is the exact chart I posted on May 2nd which showed a very obvious head and shoulder pattern in the Russell2000 which made me bearish. Well today the downside objective for this particular trade was reached.  Wouldn't it be great if all our trades worked out this well? To read the original post you can do so by clicking here.

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