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Re: Namiar post# 33584

Saturday, 07/22/2006 1:58:55 PM

Saturday, July 22, 2006 1:58:55 PM

Post# of 37180
The 20 or so stocks I've been watching all look bad. Bullish intraday patterns are failing to the downside. i.e. Falling wedges, cup w/handles, bull flags, and inverse h&s.

Was playing the falling channel on Anadarko Petroleum (APC) Fri. and it just simply fell through after ten days inside. Breached weekly support candles too. This is an oil and NatGas stock mind you, what had been the most bullish sector.

I'm guessing the rest of the summer will be down as this sure looks like a bear market to me.

Gizmo...


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