aam - chart, page-57

Chamonix, I agree that a correction was definatley on the cards, though when price close so solid with so much volume on Wednesday, I was expecting it to continue into the next day as pretty much a blow off top - long upper wick etc.

I do trade what I see, not what I hope for. I got into this trade because of the clean break out on Tuesday. No other reason. I think its ok to try and pre-empt where the price may go by way of patterns, it doesnt mean I have to act on it. If its a flag, its a flag, if it does squiggly line and then falls off the face of the earth, then I will be stopped out....etc. Nothing will get me out of this trade except if one of my two stop losses are triggered, or if I see a no brainer intraday swing that I can catch and get back in on the same day. This is the sort of stock at the this time where I wouldnt want to risk not being in overnight.

POG for sure could be due for a correction, its not a bad thing and the trend is still well and truelly up.