Wednesday, March 23, 2011

Week March 21st (Wednesday upate)

Looks like you could add to a short with a break below 268.20 and lower the stop to 275.40.  A break above 275.40 would target 290 and might make a new short term long interesting.  Still, pattern is bearish.

60 Minute - never call a H&S before it happens...but it is tempting.

Point and Figure - triple bottom sell set up. Targets 250. None of the upside targets were met = bearish.

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