With holiday monday out of the way we can get back to trading in the morning. I find it interesting that in the weekly scan were alot of big dow component stocks like IBM, KO, MCD, WMT, and PG, giving buy signals or fibwits. Maybe with earnings season upon us now the big boys know something we dont and are loading up on some of these monsters. Finding a fibwit in the scan that wasnt trading into a peak or close to highs was hard to do but I managed to find a couple I liked:
LLY 36.11 - 35.09 ( weekly)
DUK 17.06 - 16.68 (daily)
Monday, January 18, 2010
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