The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
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Wednesday, November 19, 2008
RIMM: Patiently Awaiting Entry
I like RIMM's recent price and volume action. However, it is in overbought territory, so I'll wait for a pullback. The pullback must continue to create a nice accumulation pattern. High volume on the pullback negates the setup.
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