Short GLW as Hedge

NYSE:GLW   Corning Incorporated
see charts at http://www.tradingview.com/u/WallSt007
Sell Short Entry $29

1st Target $27. 05
2nd Target $26. 05
Buy to cover Stoploss $30

Why this play?
Chart Pattern, Looking for a pull back instead. Since market is scary high.

What is Glw?
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment manufactures glass substrates for organic light-emitting diodes and liquid crystal displays used in televisions, notebook computers, and flat panel desktop monitors. Its Optical Communications segment manufactures optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories for various carrier network applications.
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