Swing/Position Trades

Some Defense stocks look like they have put in long term big picture tops. THey could be ripe for multiple shorting opportunities for the patient - and the quick - over the next several months.

ATK Weekly. Having a bounce on the daily chart, but if it closes below the .382 line its going to visit the .50 line
 

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LLL weekly. Another big head and shoulders topping pattern. Bouncing now on the dailies but a move to 48 could be a good entry, or for the conservative, wait for the neckline to break around 40 .
 

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LMT daily, close up view of prior chart. Like to see it bounce and then short on a daily reversal bar. Or a break of the trendline.

Like the others, it is undergoing systematic distribution.


I know what you may be thinking, Bush is about to start a war, and maybe he has others in the planning stage,and so these companies should see increased revenues, but the charts show they are being liquidated, in a what appears to be a long term cyclical fashion.
 

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Is LMT a case of the charts leading the way, or the street sitting on the increased revenue potential because of general market unrest?
 
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