Saturday, September 21, 2013

PCLN - Sept 21 2013 - 3 Year Weekly Chart

  • Look at this awesome trend
  • We are looking for a 10 - 15% correction at these levels
  • Buy on big correction --> very possible can get a strong second leg of dumb money going up after correction
  • Risk to thesis - interesting volume action August 2012
  • Lack of strong volume confirmation on last leg
  • Above risk probably indicative of correction as mentioned above

  • Look to fundamentals to confirm despite irrational exuberance

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