RIMM
Time for bulls to take profits. And Howard Lindzon wisely sees today as a good time to take his profits. Good job, dude……for technically it is time too.
I had first posted about the bullish nature of RIMM back on October 17th this year here, back when it was at $110.50. I then posted 2 days later that it was ‘ready’ for a larger 5th impulse up. From that post it moved favorably a handsome best move of +29.1%, delivering a large 5th with subwaves in it. The Technicaltrades.net portfolio took +22.46% profit in this post on December 2 this year. Just quietly, it was a good result 
Here is the count as I see it today. For the inexperienced, it’s just fallen out of a 3rd impulse up and threatens to test the nearby C. And if that means nothing to you, it’s not good for bulls when the impulsive pattern terminates like it did today. It’s a loud and clear message that long ain’t right anymore. So ponder that and also consider my thoughts on broader market direction I posted today.
