Friday, January 7, 2011

01-07 LSE and ANAD update

Today CCI gave a buy signal on LSE.  But, it seems to be a weak signal.  So hold off taking action until you get a cycle bottom or envelope channel confirmation.  Target buy area $5.55-5.60.  Here is the chart:

ANAD looks good to hold as 3 cycles are up next week.  The 22td cycle may top by end of the week, so that should be first point to consider selling.  But, 2 other cycles will remain up.  Hold with trailing stop loss orders while waiting for signals or until 34td cycle tops the following week..
Here is the chart:
Do your own DD.  Good luck traders.

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