CME Triangle, CLHB BTFOby Danny on August 27th, 2008 at 1:47:41 pm |
[[CME]] broke out of a triangle pattern to the downside, and is now testing the underside of the line.
Clean Harbors, Inc. [[clhb]] is making a new all-time high / btfo, but it isn’t on huge volume. Still like the name though.
Nice pick up on the Merc. I posted about the exchanges earlier… http://ibankcoin.com/gioblog/?p=1725
I will try to short them in September when CME gets right above 350, the point on your trendline (hey, can you post the BOP levels on your charts too? That would be awesome).
It’s kind of sad to see stocks like CME and GRMN, two stocks at the core of the bull rally from 03-07, be this depressed. I mean, who would have known that they would be trading this low?! I suspect the next leg down occurs when a stock like AAPL finally quits and joins them.
August 27th, 2008 at 5:20:48 pm