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To: mishedlo who wrote (85784)11/14/2003 12:43:10 PM
From: jjstingray  Read Replies (2) | Respond to of 209892
 
If you short it, do it now. Looks like it failed on the backtest of the wedge and could portend some nice down.

stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb5!lb14!lh5,5!li10,10!lp14,3,3!la12,26,9!ll14][J20665189,Y]&listNum=1



To: mishedlo who wrote (85784)11/14/2003 12:47:31 PM
From: jjstingray  Read Replies (1) | Respond to of 209892
 
Here is a better Yahoo chart.

stockcharts.com[w,a]whclyyay[de][pf][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!la12,26,9!ll14][J11588880,Y]&pref=G

The daily chart looks much worse. I can see one more pop on the weekly as it is holding the wedge.



To: mishedlo who wrote (85784)11/14/2003 12:47:43 PM
From: Shack  Respond to of 209892
 
Yeah, even that small hound was a nice drop on CFC.

As for YHOO, a drop below $40 would certainly not be bullish, but I wouldn't call it a "hound" per se. Remember that a hound is when a pattern breaks the opposite way than what is expected. YHOO needs to have a bullish pattern in play but I really don't see a specific one at this juncture.


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