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Shorters technical thread
Ian56 - Thu, 27 Dec 01 :
Now short on :
BGY @2.30 (backtest of broken H&S neckline on 1 year chart).
Potential target 1.20
Sge @2.30 (backtest of broken double top formation with volume confirmation).
Barc @22.60 (it got there in the end).
PCG (US) @19.70. Significant resistance at $20 and testing lower line of 3 month up channel. Stop loss just above $20.
Dow has broken lower line of up channel from 14/12.
S&P testing it as I type.
I didn't do Lloyds at 7.50, although this is a good candidate, because I am short enough at the moment.
Regards,
Ian
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