Dow component and consumer staples giant PG has only falled 5.6% from the highs, compared to nearly 20% in the general market. It did not participate in the second of the three collapses in Q4. The price action from July-August can now be seen as the upper half of a pitchfork, and we are now at the lower half and right on the 50-day SMA. This is a gamble on Q4 being a correction not the start of a bear market, of course, hence my tight 1.5% stop.
交易結束：達到停損點:
Another one that crashed on Black Christmas Eve. May redo from the Oct 16 low.
David Atherton