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Strategies & Market Trends : Longer-Term Market Trends

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To: Perspective who wrote (350)4/27/2008 11:50:41 AM
From: AllansAlias   of 3209
 
FDX is one of those swing charts we have been talking about for a while, and a lot recently. MSFT is another and it should be done now. It is an ugly enough setup that if it does not go down, it would be such a bullish Hound imho.

Here is the chart posted April 14:
Message 24495658
See that move from iii to iv? It would look more complete with another marginal high, but it's playing with fire.

We got the high, and then some fire... If the bearish count is right, and I do believe it is, then any pop is shortable now.
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