Thursday, October 18, 2007

Another local bottom called by TD Sequential: Callaway Golf (ELY)

No wonder why the DeMark indicators cost so much money!!! Look at this chart. I posted the Callaway Golf chart recently and was tempted to buy it at the 16.50 level. I didn't and decided that it would be prudent to wait for a lower risk entry. It came back to the original buy point and I planned on going long today. Unfortunately, the company made a positive announcement pre-market and ELY gapped up before I could buy.

I am amazed at how powerful TD Sequential can be.

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