Rcom inverse HnS Pattern ..

                   Rcom saw a breakout with good volumes out of a Inverse Head n Shoulder range ..

Dow Jones : A Short Term Breakout

Dow Jones See a Short Term breakout of the range...it should touch the upper range of the channel it is travelling in .Stoploss being the lower trendline level. Also the breakout can mark the continuous upward movement for the year.Notice that the index is already trading near the 2012 high levels last attained in may 2012.

Reason why you should always keep a strict Stoploss..

 This is the chart you must see if you believe you can be casual with stops or you can exit when the stock gets there.Gold futures last night did not even take minutes to trash the short term down move and that too at a scorching pace. Only strictly placed orders for bears would've saved them..


As they say ..If you do not learn to take small losses now , one day you will have to take the mother of all losses.