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futures
Hey Quint,
Just a quick glance at the chart and it seems FRE had a big bounce in March and then about a P retracement down and now is flat on low volume. I assume you think the bounce has produced a valid uptrend. Wouldn’t you want some more basing or a further rising trend before going long? What are you seeing on FRE’s chart that I can’t? Thanks.
rentco, Oh man I am sorry that I missed your post. Just saw it tonight. Well, I am out of *FRE now as it didn’t work, but what I was watching was the pennant that was forming after that March run. I see a few nice accumulation days followed by light volume consolidation. It actually held fairly well today, which I just noticed. I would look to try it again on a move over the $27.50 area.