On second thoughts...

Perhaps getting rid of ANN so quickly wasn't a great idea. Hmmmm.... let me elaborate my sell reasons:

RSI and MACD don't look great, but could it be basing here?

Well, I think this brings me a peace of mind, if anything. Given the the talk of a weakening retail sector and a consumer who's stretched thin from higher mortgage payments (for those with variable rates) and - most importantly - higher oil prices, we're likely to see a cut in discretionary spending. At some point the consumer will give in. I must admit that the American consumer has been quite resilient... s/he must not view debt the same way I do.

Bottom line: I'll always be able to ask ANN out again, and I know she'll say yes.

I'll miss you, ANN

Well, ANN's a dog. I believe in a strict sell discipline; I had set my parameters, they were violated, and I'm out. I'll wait for the next trade.

Sold at 39.40.

Long ANN

ANN has been the best retail perfomer YTD. Recently shares have been consolidating in the 41 to 44 range. Long at 41.87 for the following reasons:

1. Today's retracement to the 61% support on the short term Fibs
2. Shares seen bouncing off lower line of the upper channel
3. RSI winding down

Stop: 39.25 - just under current 50 day MA.