This bearish pattern is the combination of a horizontal support line and falling resistance line. It looks price made lower higher and new lower low which is confirmed today though market was up in general. It looks next leg down will take a few months and the chance to see another 25% drop is very likely if you decide to take a short position do your homework and...
with momentum pointing higher into earnings, lots of Feb/mar 25 call calendars trading
| Stop : 38.34 | Pivot L/H : 38.12 | ATR : 0.88 | Stock : TEX | Entry Date : 8/25/2014 | Exit Date : | Cost Basis : $37.70 | Current Price : $37.48 | : | %Gain : -0.58% | Closed %Gain : 0.00% Fundamentals | Approximately,EPS Due Date : 10/21/2014 IBD | EPS Rating : 95 IBD | SMR Rating : C Technicals | Horizontal S&R : 1 1=ok daily .6=ok 60m 0=no...
Pullback Status: watching carefully Point system: 1 = meets criteria, 0 = fails or not applicable Total points: Cost basis: Stop: First price target: Technicals: Horizontal S&R: 1. neckline and fib Channel S&R: 1 MA S&R: 1 Pearson's R >= 85: 1 Price within Fib Ret..62: 1 Stochastic turn/crossover above 80%: n/a AO pullback >01.6:
At a major level here. When I see charts like this I wonder if the bull market is really just getting started and has some years to go. And you can, by the way, find lots of charts like this that are just starting to get back to major levels but still nowhere near the highs they achieved in 2007-2008. Anything can happen is all I am saying I guess, take it with a...