Tuesday, March 22, 2011
Just doing a quick update for a friend of mine because his work won't allow him to access dropbox link. So I have to post it here on my blog. I talked about a potential move on $MCP over the weekend where a low risk entry was present to us around the $43 levels. Today the stock spiked HARD AFTER our Stock clown Jim Cramer trashed $MCP on his show for being overvalued. I have said it many times before and I will say it again. Technical trading is almost ALWAYS about what you see and not what you think. Keep your risk and reward ratio at the minimal of 1 : 3 then you will live a long life in this business.
March 19 chart
Broke out today on huge volume.
Today March 22