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Saturday, November 21, 2009

Broken

zstock had a question about MOS from the technical alert a few weeks ago.

Here is the actual BEARISH alert and chart for MOS.
Do you see the pattern was broken?
Once this happens, you need to exit the trade.



Remembered the talk about H&S on SPX?
It reversed didn't it?
You wouldn't still be short would you?



Make sure you are going in the same direction as the stock.