Cover and Go long Golden Slacks

Khaled...

If you are asking me to elaborate on my call,
it was based on 'Round Top' pattern. Most Round Top patterns end up trading near previous support levels prior to the Pattern formation. My target on 6/23/07 was around $210 (from $222). Friday's close was at $192.

Regards,
Suri
 
Quote from suriNotes:

Khaled...

If you are asking me to elaborate on my call,
it was based on 'Round Top' pattern. Most Round Top patterns end up trading near previous support levels prior to the Pattern formation. My target on 6/23/07 was around $210 (from $222). Friday's close was at $192.

Regards,
Suri
More...

Thanks for your elaboration. Any thoughts (long or short) on Bear Stearns? I can guess your answer, but I want to hear your technical opinion.
 
Any of the Financial Stocks, I would watch XLF, CBOE's CFA indexes.. (Actually I watch them Intra-Day for market strength/weakness too...)

There may be temporary support at the current ranges but nothing below until Jul. 2006 or Oct. 2005 levels.

Regards,
Suri
 

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