Friday, February 26, 2010
Buy signal again
The number of Climax Lows spiked up yesterday to 486, which is enough to stem the tide. Position-wise, a number of stocks and the market averages themselves are now apparently forming a shallow handle structure, following the cup formed by the recent sell-off.
I noticed there was a Climax Low buy signal in LLTC. This is one of my favorite chip stocks. It's the best-managed and most profitable semiconductor company of them all, by far. It has some very playable swings. Someday I think it will develop a significant uptrend.
I noticed there was a Climax Low buy signal in LLTC. This is one of my favorite chip stocks. It's the best-managed and most profitable semiconductor company of them all, by far. It has some very playable swings. Someday I think it will develop a significant uptrend.
// posted by gigascanner @ 7:00 AM 
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