Lend Lease LLC - April 2001
More distribution at tops, though identifiable really only in hindsight
this one. Once the break occurs though, two further patterns did develop,
a symmetrical triangle, then a rectangle; tradable patterns perhaps using
options. (Our office got one of them.) These 2 patterns usually break in
the direction of the existing trend, and often on solid volume.
Soon, expect to see a few buy recommendations come out from brokers. (Hey
the price used to be $23 now its $12 - half price that's cheap etc) This
will cause the inevitable up retracement of the downtrend, but not a stock
I would buy until I had seen some decent accumulation at lower prices. And
that will take time to happen.
(Personal opinion; I believe the time of buying and holding is gone. When
growth stops in a company, ie little further earnings upside, profit taking
time is upon us.)
Home ----- Contact Us
|