Thursday, 4 October 2007

If I Could Only Kick Myself...

Remember my post before on PAYX being bullish? I was too fixated on seeing this go up, that I already overlooked a reversal in the making.

A head & shoulders has formed and when it broke the neckline, it went down with heavy volume. All the while I was still in a bullish mode for PAYX but I needed someone to point out what was happening. Unfortunately, this was after the fact already.

Strike another one for the loss column.

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