Wednesday, 30 January 2008

Trader's Bull's Eye: Market leader BCSI shows strength in market decline


This is a stock I bought on August 17, 2007. It was a profitable trade. I made about 40% in 12 days because I noticed the chart had bullish signs. From July 24 to Aug 16 the market had been in a market correction, but BCSI barely moved down during that period. That meant there was a lot of strongholders in that stock. Take a look at the chart. These all are of the things I saw on Aug. 17, 2007.

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