ALL - Just to clarify the fact that we have not broken out yet. We may on Monday or we may not. We have not yet. I have made some terrible errors in the past by taking the attitude "it's close enough". If we do break out we should expect a backtest of the line. This is common and at times fails and price falls back within the pattern.. So, I will wait for the back test before putting my 401K money back in the market. My 401K money at present is in money market untill such time as we breakout and complete a successful backtest of the line.
As you all know I am a professional daytrader and my daytrades have nothing to do with longer term views.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.