Stocks Rally Continues Today Showing Signs Of Strength
Posted on November 30, 2007
Filed Under Profitable Trader |
Stock were up in all three major indexes yesterday. Leading stocks also showed significant price advances on heavy volume. AAPL, BIDU and RIMM are showing support at the 50 day moving average. GOOG looks like it may be forming a cup with handle base. It is important to watch the leading stocks in any market rally because in a true rally these stocks will continue to go higher. If you are still invested in these top stocks you should seriously think about taking some profits or at least tightening your stops. If you are not invested right now wait until you see confirmation of this rally attempt.
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