Bullish Jim asked me last week if you could have a blow-off bottom across days and normally I would say no if you are looking for a day trade and are using the 15 or 30-minute charts. However, if you are looking for a swing trade and you go up to the 60-minute or greater charts you almost have to look across day boundaries which is what I did this morning on TLB -
If, however, you don't want to take the trade on a BOB this trade could have just as easily been taken on the Breakout as shown. Which, coincidentally, is where I took it. It is also a cross over pattern.
I plan to hold this to just before earnings or it crashes - whichever comes first.
Tuesday, February 20, 2007
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1 comment:
Nice post on TLB.
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