SR618
Long

ARUN

42 1 0
Pullback
Status: Watching.

Technicals:
Horizontal S&R: yes, gap fill
Channel S&R: yes, weekly
MA S&R: no, 50d
Pearson's R >= 85: yes
Price @ Fib Ext >1.38<1.62: yes
AO pullback: yes
Stoch oversold: yes

Fundamentals:

IBD EPS             Rating: 99
IBD SMR Rating: A

Should be easy to buy a pullback in a quality name in such a weak market.
It's very risky to go long this time. When the bears start to stand up, it could destroy everything,the pattern and the chart particularly. Many things just go to another direction, maybe the rules we use in bullish market is not proper in bearish one.
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