BLUEmind-trader
Short

FDX IS YELLING TIMBER

NYSE:FDX   FEDEX CORP
53 2 1
THIS IS WHAT I CALL A REVERSAL TRIANGLE FORMATION, INSTEAD OF REGULAR TRIANGLES WHICH ARE A CONTINUATION PATTERN, I USE THE DIAGONAL LINE AS A DESCENDING RESISTANCE , SO ONCE THE PRICE TOUCHES THIS RESISTANCE USING CANDLESTICKS AND OTHER INDICATORS I CAN DETERMINE A CHANGE IN THE PREVIOUS TREND.
Well actually I haven't get into it, cuz im waiting for confirmation and I did not get it today. Lets see what happen tomorrow.
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Probably good for a 10 pt drop. I'd look for target at either 137 or 130, depending on momo.
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