Sunday, November 11, 2007

ON WATCH: UDU

These stocks are seeking support at 50MA. Once they get to the 50MA, I expect a bounce back up to 50%Fib...then it will retrace back down to test the 50MA again...then back up with a breakout to next bull target...i.e. up/down/up (UDU) The bullish trigger are set just above the 50ma with stops just below the 50ma.
Pattern: Up...down...up (UDU)
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RIMM - Bullish trigger @ 106.50. Stop @ 103.50. Target=119.
Pattern: UDU = 39 points
ISRG - Bullish trigger @ 258.70. Stop @ 255.70. Target=283.
Pattern: UDU = 120 points
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CME, BIDU, AAPL and FCX are all in this pattern. If this works out, what a play to end an already great year!!!

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