http://apps.cnbc.com/cgi-bin/upload.dll/file.gif?z04b00f0az09dbbfb3637e484bbdecb2f752c5b2dd
It seems everything has lined up just right :
In middle of Oct. Nice Consolidation: Pennant consolidation which meant more upside. The red and green line which are moving averages are directing from bottom left to top right upward trend.
I feel 1316 will be the top sometime for next week and i also feel a lot of people who made most of their money back will be selling their shares causing a zone of resistance...
So now you ask why 1316?
On July 27 2011 you have a big pullback at the top- on candlesticks it would be a big red candle... and it closed that day solidly negative...
On July 28 2011 you have another red candle but it pulled up into the candle from the previous day which was the big red candle on the 27 of July......................................... Well at the peak of the day on the 28 of July would make it my resistance level because that was its last straw before heading deeper into negative momentum and the high of the the 28th was 1316
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