Tuesday, July 12, 2005

Another Bullish Pattern (in a Bearish Market)

Although I remain steadfastly bearish, the stocks I have suggested recently as buys (KYPH, APCS, GLW, etc.) have all done extremely well. I've got another......BankRate (symbol RATE). The graph is shown above. As you can see, it's another inverted head & shoulders pattern.

You also might want to take a look at OPWV, which has a similar pattern. Both stocks had recent breakouts and have extremely well-defined technical shapes.

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