Thursday, August 2, 2007

TNH


After a $34 point drop the stock is attempting a short term bottom. It needs to penetrate 92.7 to have an intraday H&S bottom complete.

2 comments:

zstock7.com said...

took out a short position IWM end of day…i have good reason to beleive IWM fails at it’s 200ma = 79.9, lets hope i have it right.
zstock.

zeus111 said...

Z, Nice to hear from you again.

I think you will do fine. This market looks more and more that is has put a major top formation with the last phase of liquidation taken place the first 3 days of the week