January Momo

My January momentum lists keep on growing each day, with new plays hitting the market. I suspect the momo will die as quickly as it began so let’s make hay while the sun shines.

My strategy with these plays is simple enough: I don’t chase them, no matter how strong they are during the intraday. Instead, I wait for the daily/120 min patterns to set up better entries, like Smartheat’s (HEAT) small cup and handle pattern on Monday.

heat0112My current momo list:

January 12, 2010 • Posted in: Market Day, TA

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