Saturday, January 10, 2009

Trade Notes 1/10/09

Crude Oil - Watch for inverted H&S formation Chart
TRADE UPDATE: Inverted H&S negated, still no opportunity at present.

Platinum - Due to retrace Chart
TRADE UPDATE 1/17: The chart is still indecisive - avoid.

DECK - Short, a break of the 50 DMA (now at $70) should take it down to $60. Chart
TRADE UPDATE 1/15: Target met, position closed. 18% gain New Chart

AZO - Now at $133, short to $120 looks reasonable. Chart

COH - Breakdown to $16 likely - Chart
TRADE UPDATE: $16 Target met, 15% gain.

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