Nasty Nortel

This chart does not inspire me. However, miracles do happen. A reversal from a sickly looking chart is exceptionally bullish. Unfortunately the opposite happened and a bullish break above a trend line sharply reversed. These "battle of wits"fakeouts can occur for several days before the true trend is established. Just remember that there is freedom in walking away. You could be missing a bull market in something else.


Nortel Networks (NT)