Not a single biotech was green Friday. AMGN bear flag,
everything else in sector already at or near bottom of
pattern. Looks like last month or so could be a head on a lot
of h/s patterns upcoming. LMT, little bear flag developed this
week, $146 in play again. SBUX, complex fan pattern went back
up to neckline, looks like $67 now after hard hit last
week. AMZN was also just a bear flag , $293 tgt. For
quite a while, it looks like last summer's base will get undercut
on most stocks. QQQ has all the biotech, NLFX, PCLN etc in it, h/s
top forming, biotech flush upcoming should take tis back to
neckline at 83.74 and bounce back to where we are now, then long
hot summer. KSS has a little pop coming after flag on flag
pattern built a little inverted h/s this ernins season, tgt decadal
highs around 60plus. Strenth in JNJ WDC CLX T ACI
Not a single biotech was
Posted by cmunny on 29th of Mar 2014 at 10:42 am
Not a single biotech was green Friday. AMGN bear flag, everything else in sector already at or near bottom of pattern. Looks like last month or so could be a head on a lot of h/s patterns upcoming. LMT, little bear flag developed this week, $146 in play again. SBUX, complex fan pattern went back up to neckline, looks like $67 now after hard hit last week. AMZN was also just a bear flag , $293 tgt. For quite a while, it looks like last summer's base will get undercut on most stocks. QQQ has all the biotech, NLFX, PCLN etc in it, h/s top forming, biotech flush upcoming should take tis back to neckline at 83.74 and bounce back to where we are now, then long hot summer. KSS has a little pop coming after flag on flag pattern built a little inverted h/s this ernins season, tgt decadal highs around 60plus. Strenth in JNJ WDC CLX T ACI
Title: I am with you
Posted by hweinstein4 on 29th of Mar 2014 at 10:45 am
I am with you "see-money" cmunny HW1nyc