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BOT Breakout

BOT, CBOT HOLDINGS, INC, broke out of a falling wedge today on heavy volume.

CBOT_breakout_1_26_06.GIF

Buy it if it bullishly crosses up through the 50 DMA. Don’t forget to subscribe to The Bull Trader so you don’t miss out on anything.



3 Responses to “BOT Breakout”


By GWF on January 30th, 2006 at 10:45 pm

Well, JWU, today it did certainly manage to “bullishly crosses up through the 50 DMA,” didn’t it?… Very nice action!

By the way, I’m looking forward to hearing what you have to say in reply to my inquiry a few days ago about finding a chart scanning tool that will help me identify inverse head and shoulders formations!

By JWU on January 31st, 2006 at 1:04 am

Yes! I got a small piece of the action today too. I’m not sure what a reasonable sell target is though.

Oh and I did receive your email about the inverse H/S setup, but I haven’t really figured out an easy way to scan for that pattern yet. I’m working on it though, and I’ll definitely let you know if it works out!

By GWF on January 31st, 2006 at 6:14 am

Thanks, JWU… Glad you got into BOT. And I hope you can make some progress on the H/S scan!

Your blog and your stock features / anayses are really great!

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