AI
Thursday, January 19, 2012 3:10:26 PM
CBIS Daily Chart....Bearish Wedge forming......
A Rising Wedge at the top of a run signals a pullback coming........
Similar set up to the 11th & 12th.......but.......
A little different this time......take a look @ the candles.......
On the 11th & 12th CBIS traded sideways after a strong move higher.....
The 10th, 11th & 12th had sm. Upper tails......the Bulls were in control......
The 17th, 18th & 19th have larger upper tails......the Bears are much stronger @ this level.....
Today's candle is currently very Bearish......major Bear raid.....
Looking @ an Inverted DOJI.....this candle signals a top @ the end of a run.........
CBIS has been riding the Upper Bollinger Band........
If this trend fails to cont. Look for support @ the Middle Band......
The reaction to today's PR shouldn't be taken lightly.......
The ammo isn't as effective @ this level.......
Checkout the money flow indicators......CMF, ACCUM/DIST etc.......
They're showing profit taking @ this level........
Trade wisely......
& remember........
Buy Fear.......Sell Greed.....I repeat, Sell Greed....& Get Rich.......$$$
A Rising Wedge at the top of a run signals a pullback coming........
Similar set up to the 11th & 12th.......but.......
A little different this time......take a look @ the candles.......
On the 11th & 12th CBIS traded sideways after a strong move higher.....
The 10th, 11th & 12th had sm. Upper tails......the Bulls were in control......
The 17th, 18th & 19th have larger upper tails......the Bears are much stronger @ this level.....
Today's candle is currently very Bearish......major Bear raid.....
Looking @ an Inverted DOJI.....this candle signals a top @ the end of a run.........
CBIS has been riding the Upper Bollinger Band........
If this trend fails to cont. Look for support @ the Middle Band......
The reaction to today's PR shouldn't be taken lightly.......
The ammo isn't as effective @ this level.......
Checkout the money flow indicators......CMF, ACCUM/DIST etc.......
They're showing profit taking @ this level........
Trade wisely......
& remember........
Buy Fear.......Sell Greed.....I repeat, Sell Greed....& Get Rich.......$$$
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