Thursday, February 3, 2011

UNP TRADE (SHORT)

CSX isn't looking too good either.

 A bear flag holding onto the 50-day m.a.-Look at recent volume!

 Accumulation/Distribution in the daily

 3C 60 min with a negative leading divergence in the flag.

 5 min negative divergences

Here's the trend channel that held the whole uptrend, currently around the top of the flag at $96.18

I can't say this won't bounce around in the flag a little more, but a limit entry on a break of the flag or phasing into the position might make some sense.

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