Iamgold Worth Watching For Possible Base
Posted on October 29, 2009 at 18:09 PM EDT
Many investors who use charts have two watch lists. There's the varsity, a collection of stocks that are near buy points. Then there's the B team, the charts that need more work. In a market correction, the B team becomes more interesting. You don't buy stocks during a market correction anyhow, so there's no urgency. By the time the market flashes a follow-through day confirming a new uptrend is under way the B-team charts may be ready to move