Warning: Following my trades may be hazardous to your financial health. See Disclaimer.

Thursday, February 02, 2012

Again, Head & Shoulder Pattern Should Be Tossed

I've mentioned it before, but I'll mention it again.  Head & shoulder pattern is so unreliable that it's only useful by the pros to manipulate retail traders.
INFN was up 10.4% after hours at 8.05.  Fortunately, this was a story play of mine in my IRA account; if I were trading this stock, I wouldn't have caught this out of blue rally.  Target 8.50.