Monday, March 28, 2011

Wind Energy ETF (FAN) Weekly Chart
  • As predicted here last week, I stated,
    "FAN broke out of a strong basing pattern on HUGE volume, showing strong accumulation, and seems to be moving towards resistance in the $12.50 area."
  • This week nothing is different. FAN has opened Monday by shooting up 2.5%. It's too late to chase this one now, but I will be a buyer on any orderly pullback near the $11 dollar area.
  • I hope you didn't make the same mistake as me and caught this one before it exploded.

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