Monday, September 07, 2009

Bearish stocks as of Sept 7, 2009

Here are some bearish stocks as of Sept 7, 2009.
Study the charts and see how they turned from bullish to bearish.

Note how they tried to
  • get support at round numbers,
  • get support at moving averages or
  • form bearish triangles.


In absence of support from any of the above, these poor helpless stocks had no way to go but down..And oh boy!! they really drop like a rock..

Usually a stock goes up slowly, but drops down real real fast.

UNG





TSON




PBCI





GTMN





DHT




CPY