Steve or Matt, Bear flag on CBE

    Posted by johnc4b13 on 31st of Aug 2009 at 01:59 pm

    Daily Bear flag on CBE, Could still be play the short right now

     

    please advise

    CBE broke down out of

    Posted by steve on 31st of Aug 2009 at 02:07 pm

    CBE broke down out of that bear flag/channel and is now testing it's 50 day MA - volume is heavy on the selling. 

    Key short term resistance level on the SPX is 1023.13.

    looks like it, especially if

    Posted by matt on 31st of Aug 2009 at 02:07 pm

    looks like it, especially if you get a light volume bounce

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