Monday, June 10, 2013

Monday evening - One for Marty

Marty's hobby plane
Mixed performance for the major indexes today.  None of them moved much in any direction.  Volume on the SPY was well under average and earnings after market were mixed but LULU was pantsed.  It could have been a transparency issue.

Monday afternoon - Head & Shoulders

Just because you see it does not guaranty it.
Patterns are helpful but you can't assume they will fulfill the prediction.  ANW should have hit 4.60ish but never came close.  Fitz used to say (likely still does) that spotting a pattern does not entitle you to make money.

Monday morning