Posted on April 16th, 2008 at 8:11 AM
The first attempt to capitalize on a new trend is the counter-trend trade. After the counter-trend, there is the XTL breakout. After the XTL breakout, you wait for stochastic pullback trades within the established trend. This cycle is playing out in SPWR. I took the XTL breakout trade and it is working well. You can see on the chart that a false bar appears above the stochastic. If you are not long this stock, the best thing to do now is to wait for a false bar stochastic trade.
~Joel Stahl
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