The ‘B’ Sides

• Posted by Greg Harmon
• on November 14th, 2010

Following on from the Top 10 trade Ideas here are the ‘B’ sides. Great stuff but maybe not as wide spread as the initial list. You old timers that can remember vinyl know what I mean. Some are a little more racy. Keep them to yourself.  Just a few tonight.

ABT

Marubozu candle at support of 2 crossing trend lines.  This can be a catalyst even if the price is not on the cross.  Something big is gonna happen.  A bounce sees resistance at 49.65, then 50.01, on the way to 51.49.  If it fails then 47.50 and 46 come into play.

FIG

On trend support at the 5.05 area.  If it holds then it can try 5.4 then 5.6 higher.

RDWR

Falling out of the wedge, and heading to supp at the 27.89-28.00 area with 25 lower. Stop at 33.50.

STEC

looking to test the 16 breakout level.  If it can hold at 16 then 18 and 20 are targets higher, if fails then 15.12.

WFMI

Making a juicy wedge.  If it can get above 47.50, which seems likely soon, the move higher may  pale last move up.  If it fails then support is at 46 and 45 lower.  I would bail there or go short to 41.

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