Tuesday, August 16, 2011

FAZ Chart

Tim Knight at SlopeofHope profiled one of the bearish positions today that I'm holding right now.  Basically I'm just plugging n a different chart of the stock here.  His chart just goes back to July 1st and shows the break of a double top on huge volume followed by the recent pullback on lighter trade.  On the 1 year chart things look just as good.  This is looking poised to start the move back up and that's bad news for financials.

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