Thursday, February 15, 2007

Electronic Data Systems (EDS)- The perfect cup with handle

I know that I've been bitching about this market's not stop move up, but I have actually been finding some pretty good trades. I hope I don't give back all of my gains trying to anticipate the downturn.

I picked up some shares of EDS yesterday (2-14-07) while the stock was still within 5% of the 28.03 buy point. Check out the chart. It is probably the best looking cup-with-handle pattern that I've ever seen. It is textbook!

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