Tuesday, February 20, 2007


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.