March 27, 2012 - Harris (HRS)
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Harris (HRS) - Quick Takes Pro Chart of the Day
March 27, 2012 - Harris (HRS)
Dave Landry's Market in a Minute - Tuesday, 3/27/12
Random Thoughts
The Ps rallied nicely out of a flag formation. The Quack broke out to decade plus highs, gaining over 1 ?%. Rusty came back with a vengeance. It closed at multi-year highs and is just shy of all-time highs.
If you're new to all this, when a market is making new highs, it's in an uptrend. It's really that simple. I never said trading was easy, it's just not nearly as difficult as most try to make it. Yes, I know the Fourier transform oscillating wave count is at its highest level since 1999. But, I also know that the market made new highs yesterday.
Here's the score for the first quarter (I know, quarter ain't over yet):
Trend Following Morons 1 Smart Dudes 0
So what do we do? Use this opportunity to take partial profits and trail your stops highs. On the next pullback, we'll look at add on once again.
