Posted by lasertrader on February 11, 2010
There are no new setups to add today. None of the existing alerts have triggered and yesterday was a flat day for many stocks. I will continue to let this play out and take the triggers from the existing setups as they fire.
Here is what I wrote for the Big Picture today…
Today’s Big Picture will be short and sweet. Nothing has really changed since yesterday.The 60 minute Bear Flag broke to the downside right after the open and provided for weakness in the morning. The only observation from yesterday is that once again the bears had an opportunity to take this market down and they failed. All we can do right now is see if the bulls can muster up enough strength to move us up over the highs of the past 2 days.
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