Tuesday, February 16, 2010

Mystery Chart


Mystery ETF Chart:  I've hidden all references to its name because its not important.  This illustrated ETF is used solely for reverence as most of the charts I looked at today looked similar to this.   Like almost every stock and ETF I've been watching, we'll garner many clues about the coming months to how stocks respond when they ultimately reach their several overhead resistance points.  Most are still over sold as well.

*While I've not disclosed the name of this ETF I will let you know that I am long this in certain client accounts.