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Wednesday, March 21, 2012

SWI

SWI gapped up on a breakout in late October, establishing a new trading range and a leadership capacity. It ran up to the December high, establishing another pivot point before going into a base, which you would expect during a relatively weak market. By taking the equal distance from the bottom and top pivots, I projected the next pivot point at 40.62. Today's high was 40.44. In theory, wither this will run out of gas just above where it is now, or it will stage another big breakout past the upper point. I will be watching it pretty closely to see what it does,

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