Wednesday, August 20, 2008

Stocks with bearish reversal

Analog Devices ( ADI ) ; Gap down with increased volume ; focus on the $29 levels ; your last support.
Bj'S Wholesale Club ( BJ ) ; Gap down with increased volume ; double top pattern ; last support is $36 level.
Barclays Plc Ads ( BCS ) : aiming for a double bottom ? warning, a close below that recent low could signal another huge downtrend ......
BT Group PLC ( BT ) ; Gap, major break down ....... let it slide .....and wait for a base pattern....
Novatel Wireless Inc. ( NVTL ) ; was aiming for its recent low (7.60$) ; traders where hoping for a bounce up at those levels ........forget it , we broke that level ........ (gap and huge volume) ; mayday, mayday, we are going down ............ "Houston, we have a problem" .......

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