tradingformoney
Short

Head&shoulders pattern with pull back to the neckline

NYSE:CBS   CBS CORP NEW
19 0 0
Pull back to tht neck line on a head and shoulders pattern.
Before the pullback the 21 ema crossed below the 55 ema.
The last time the cross over happened was back in November of 2007.
The left and right shoulder took four months to develop.
The current pullback is in the 3rd month, one more month before a sell off might occur.
Time span on the pullback is because the shoulders took 4 months to develop
On friday morning i bought the 55 march 15 puts.
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