Friday, December 29, 2006

Krispy Kreme Revisited.

When we last visited donutland I pointed out a tweezer bottom on the 2-hour charts that could have been seen on the daily charts as well since it crossed two days in a row. I had preceded that post with an earlier one that pointed to 4-point tweezer bottom on the 2-hour charts in a single day. I said at those times that the tweezer bottom meant that the stock was probably saying that this was rock bottom and it should go up from there. Then one more tweezer bottom and off it went.

Up 10% in two weeks. It pays to watch for the "tweezer" regardless of the time frame.

I have no position in KKD nor do I eat the donuts.

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