Monday, August 20, 2012

BIDU as Tech Example

I suspect the tech sector will go ll at once, so when XLK goes, stocks like BIDU, GOG and yes, even AAPL are likely to go.

Here's BIDU, you remember the slight intraday positive has moved it up a bit, an ideal entry would be in the yellow box, from there we want to see a move below the lower trendline, this will start to serve as a head fake move confirmation and help downside momentum.

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