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  • Good morning, America! 0 comments
    Nov 2, 2009 6:12 AM | about stocks: CIT, CPN, CAL, VOD, USB, TEX, MAT

     I warned about divergence between index and oscillator few posts ago. It means that there was a possibility of index declining. We see that today:


    So we see a natural process of correction.

    A market is worrying about financial sector. And about CIT Group especially. A company says it has filed for bankruptcy protection as part of a reorganization plan. I can see that in the price chart without any information: CIT have fall in troubles so far.



    Some ideas:

    Some prices is falling down, some prices is going up. I think you must go on the same direction.

    A price of CPN is going up. It was a buy long signal at 10.43 USD:


    BWS continuous its falling down. Add to your short position at 10.14 USD:


    A price of VOD fell down last session. It was time to take profit at 22.38 USD:


    USB have fallen down so far. It’s a good place to add your short position at 23.06 USD:


    As you can see TEX price is growing your profit. Place stop at 21.65 USD:


    You have another sell short entry signal at 18.40 USD in MAT position:




    Here are more ideas 

    Good luck!



    Disclosure: No CIT, no CPN, no BWS, no VOD, no USB, no TEX, no MAT at my portfolio.

    The charts and comments are only the author’s view of market and aren’t recommendations to buy or sell any security. 

    Stocks: CIT, CPN, CAL, VOD, USB, TEX, MAT
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