June 2009
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Month June 2009

Entries 3 Total

The Shaw Group (SGR) : Bearish Indicators

Jun 30, ’09 4:11 PM

I would have thought that counter like SGR will be a bullish play (assuming that they will benefit from infrastructure spending). However, my charts doesn’t say so. Ichimoku has some bearish indicators on Shaw Group. 1. Tenkan sen cuts Kijun sen on June 24 and penetrated the kumo support. 2. We can also see the [...]

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3PAR (PAR) : New 52 Week High

Jun 29, ’09 10:35 PM

Wonderful on 3PAR’s price today. It broke through the consolidated trading range of 10.70 and 11.70 and reach as high as 12.80 today in the early trading hours. http://stockcharts.com/h-sc/ui?s=PAR&p=D&b=5&g=0&id=p83358004014

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S&P 500 Review (Chart as of 25 June 2009)

Jun 26, ’09 5:00 PM

As posted on April 30, S&P has some space for a bullish run. Previously I highlighted that it will face resistant from the kumo on the Weekly Chart. Following is an update: 1. As expected, the kumo on the Weekly Chart is fairly on the spot. S&P touches it and start making an about turn. [...]

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