Sunday, March 2, 2008

Charts to Watch

Some charts to look at for the upcoming week. After Friday's action, I am going to hold off on even looking at entering longs for the time being except for possibly some short ETF's. If the market holds here and somehow strengthens back up, then there will be time to get back into some longs. Right now, I think shorting makes more sense. None of these setups are absolutely perfect, but they are worth watching depending on what the market does next week. If we breakdown further, then these look like good possibilities. The first two charts are the short ETF's. Good luck next week.

SSGSCC
ATI
AMT
BAC
FUL
CPKI
ZION
SCHN
TXI
TBSI
JAVA
Charts from Telechart2007, Courtesy of Worden Brothers, Inc.

Tags: , , , , , , , , ,

No comments: