Friday, March 30, 2007

Amazing Chart: SBGI

I've been holding SBGI for about a week now. My original post was more focused on recent price action. However, if we back the chart up to the last 6 months, we will see one of the most beautiful looking charts one could ever hope to find.

The stock started its uptrend in October. Since that time, it has rarely fallen below the 10 day moving average. That's insane. Even the big correction couldn't slow this bad boy down. SBGI is like Kobe Bryant: you can't stop it, you can only hope to contain it.

I'm looking to add more on any tags of the 10 day moving average. I'm following the theory of my post correction QID trades: keep on doing it until it until it no longer works.

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