EBAY Must Give Way |
By Andy Swan |
Published
01/31/2008
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Stocks
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Unrated
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EBAY Must Give Way
It looks like eBay Inc. (EBAY) is headed for retest the lows it made last year at 23. This rounded top formation in EBAY is too much for EBAY to resist. EBAY must give way.

The outlook is bleak for Yahoo! (YHOO). Over the last five years, YHOO has created a rounded top. It is almost hard to believe, but this pattern indicates YHOO will pull back to 10. Contrast that with GOOG. It almost makes me sick.

Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.
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