PPR - OCN, LNKD 9/3/13

Published : September 3 2013 at 15:52 ET

OCN had a pocket pivot on which we reported 8/26. It is having another one today. The market direction model has been in cash, so we have advised to position size accordingly. If you bought on 8/26 then got whipped out the next day when it undercut the lows of its 2 week base, you could buy the position back today. Alternatively, if you didn't sell, then you could take today as positive action.


LNKD has traded enough volume for a pocket pivot. In this environment, as we've said, there is heightened risk so position size accordingly or remain in cash.

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