Tuesday, November 23, 2010

ADBE

THE FLAG IS BROKEN. This is a trade I just featured on the short side...

 ADBE 30 min 3C and the flag portion...

The daily ADBE chart...Watch volume, it is already increasing. I think this trade can be entered in a number of different ways, including a stop in the flag or phasing in. The target is at least $20 according to the measuring implications of the flag. I don't see anything currently that suggests a bounce.

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