Sell CRIS. EEB not looking good. Stay tuned. Stormy weather today.

Posted on Jan 22, 2010 by WHC Bassetti in Letters

We will be taking some handsome profits in CRIS today.  Some of our students have called this kind of gap "the gap of death".  And while today's candlestick might hint at a one day reversal that's not the way to bet on these extreme gaps.

It is difficult to imagine a long downtrend in EEB, but it is not difficult to imagine being out of it on this chart pattern.

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