In my opinion, it does not even take a genius to see it or learn it. Note the chart below on Cree, Inc. (NASDAQ:CREE). After they missed on revenue numbers a couple days ago, the stock has been in a tailspin. A tailspin usually means it is out of control and dropping like a rock. However, that is not the case here. Cree had it all planned out from the start. Drop until the stock hits a beautiful double bottom from early July and then bounce. Sure enough, the stock hit that level this morning and has rallied off the lows forming a possible bottoming tail. Learn this stuff folks, it pays! To get more guidance, analysis and education, join the Research Center.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
