vlad.adrian
Short

AIG - short on the financial sector

NYSE:AIG   AMERICAN INTERNATIONAL GROUP, INC. NEW
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AIG             had a very bearish signal a week ago. Because of some news, it went up again with a gap, only to reject the 54 level. A double bearish divergence on the histogram and a triple bearish divergence on the FI             , with a false breakout, all on a weak weekly chart. I shorted at 53.36, with a stop at 54.44 targeting the 50$ round level, and maybe even 47$, allthough it's hard to go all the way to 47 without a stock market panic.

Weekly picture here :
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