Zeev, I got lucky and CAH did its swan dive while I was still trying to decide whether to pull the trigger. (Being a coward has its advantages at times.)
You're certainly right about the chart breaking down. That's one ugly looking daily on CAH. stockcharts.com[g,a]daclyyay[dc][pb20!d20,2!d20,2.5!d20,3!b50!b100!b150!b200][vc60][iup70,15,15!lp14,7,3!lh5,5!li10,10!la8,17,9!lb14!ll14!lc20!lf]&pref=G
The weekly doesn't look promising either: stockcharts.com[g,a]waclyyay[pb13!d13,2!d13,2.5!d13,3!b26!b52!b104!b156!b208][vc60][ilp5,3,5!lp8,3,8!lp13,3,13!ll13!ls5,13,1!la5,13,8]&pref=G
And the monthly looks like a small H&S breaking down. stockcharts.com[g,a]maclynay[pb12!d12,2!d12,2.5!d12,3!b24!b36!b48][ilp12,3,12!lp6,3,6!lp12,3,3!lb12!lah6,12,3]&pref=G
Oh well, that stock put in a really nice run for a couple years there. |
