A couple charts revisited

I had no activity today, other than generally kicking butt. My positions in my IRA were up 2.3% and 1.84% in my trading account. Most responsible were LSI, fresh off a great earnings announcement, CHB and CHS.

I sold a position yesterday that I wasn't thrilled with losing - CVD. In looking back, I should have been thrilled to sell before something very bad happened, even before it did. I said the stock could go either way. I was wrong. Of course, it could have, but it had formed a very obvious descending triangle pattern. For some reason I haven't given them the respect I give the ascending variety. I've never been very good at short trades, at least in comparison to longs. It just seems the formations haven't held up very well for me. Well, this one did, and I'm lucky to have gotten stopped out yesterday:






I buy ascending triangles anticipating breakouts. This one would have been a good short yesterday.

Another sale just a couple days ago - CR:






This is the one I missed setting the stop on, and paid a big price yesterday. I sold about 2/3 of the way down the big black stick. Had I held, waiting for the stock to help me out and recover some of my accidental loss, I still would be below my selling price.

Tomorrow I have HIG, which reported after the close today. I thought the report looked good, but I think I've been clear on my report reading abilities. The stock was down a bit AH. We'll see what tomorrow brings.

Good Luck!