Friday, September 23, 2005

Chart of interest - What's working

Here's the type of trade I have been focusing on the last two weeks. They don't present themselves on a daily basis. I find a stock in a general uptrend that is showing a strong RSI. Note how I buy at the uptick in RSI as it bounces off its support level.

This is about the extent of what seems to be working right now from a technical standpoint, and let me tell you the pickings are slim! AAPL is another security that seems to be "working" right now.

Click on chart to enlarge.


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