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Politics : High Tolerance Plasticity

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To: kodiak_bull who started this subject2/28/2002 5:26:02 PM
From: chowder  Read Replies (1) of 23153
 
Oh my! TGT is breaking down on HUGE volume! This doesn't look good at all.

stockcharts.com[h,a]daclyiay[pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G

From a technical standpoint, TGT would normally meet some good support in the current price range, maybe a dollar more to the downside. However, that volume today is an ominous sight. It indicates the potential for some major profit taking, even suggesting a 50% re-trace from its high.

Confirmation would be a close below the 50 dma, but man it doesn't look good from here.

dabum
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