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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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From: chowder1/31/2006 8:53:00 AM
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1/31 SET UP ... TIF (short) ... Swing trade .................

TIF is setting up in a break down pattern. TIF set a pivot low the first week of January and then rallied, but ended up setting a lower high in the trend. Price has since retraced more than 100% of that rally and now established a lower low. Price has been consolidating over the last five trading sessions leaving several topping tails in the process. Selling volume has actually increased on this recent pull back suggesting TIF is setting up for the next leg down.

stockcharts.com[h,a]daclyiay[d20051031,20060131][pb20][vc60][J68327018,Y]&listNum=1

Entry target $37.70. Initial stop loss $38.82. Profit target $1.20 - $2.50.

dabum
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