I made a post this morning of Fake Breakouts on Noble, GLP and STI! After a thrilling and fruitful day at the Casino, it's back to reality again. Looking at all the charts, they all broke down!!! GLP went to a low of 2.72, Noble hit all time low at 0.945 and STI continued to spiral down -44 points!! This is definitely Fake Breakouts at it's best, killing retailers when they all jump in to long.
http://stockmarketmindgames.blogspot.sg/2013/07/sti-detrimental-effect.html
http://stockmarketmindgames.blogspot.sg/2013/07/noble-fake-breakout.html
http://stockmarketmindgames.blogspot.sg/2013/07/sti-fake-breakout.html
Ronald K - Market Psychologist - The Big Speculator
