timwest
Short

AIG toppy and weak

BATS:AIG   AMERICAN INTL GROUP INC
992 3 2
AIG             TOPPING - ROLLING OVER

T-Bonds went down first -
Then Utilities went next -
Then the banks are toppy             & have head&shoulders tops -
Now the insurance sector is starting to show divergences -

TRIPLE DIVERGENCE IN CCI WHICH IS PRICE MOMENTUM , REVEALS INTERNAL WEAKNESS

POSSIBLE SELLING PRESSURE AHEAD AS THE BUYERS HAVE SLOWED THEIR MOMENTUM .

Just for balance: It would seem logical for AIG             to have a period where some money comes off the table.

Risk = 3 average ranges
Reward = 3-5 average ranges

Tim 5:11PM EST Thursday, October 3, 2013
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DennisLee4a
3 years ago
I think it may test the recent high again, and fail to break the resistance, then a bearish move down
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