I Love M&M's with Downtrending Heads

There were many great morning spikes to take advantage of today, provided you a: waited for the spike to top off and b: were patient enough to ride out the downtrend and/or 'M' shape (also known as a 'Double Top'). M&M's are not only one of the best inventions when it comes to candy (btw- have you tried the incredible new Premiums line?), but a nice technical indicator on a stock chart. One of my trades today, though currently going against me while holding, relieved my stress by revealing the 'M' pattern on more than one occassion. The tell tale chart below is of LULU, a stock I was initially notified about on Stack Your Cream's site (not sure the meaning of that site's title, but it definitely gets a laugh when you say it randomly/sternly to someone:) When viewing this chart, it's important to remember that the timeframe was intraday (and pretty much only good for scalping- which is great if you're not subject to the PDT Rule). You'll see in this post about PALM, though, that the pattern works on multiple timeframes. Anyway, here's the chart:

For info on 'Ms', check this site out. Peace,

Evan