rlim
Long

TWC channeling sideways

NYSE:TWC   TIME WARNER CABLE INC
2 0 0
Strong move up a few weeks ago.
Retracted and consolidating sideways for the last ~25 days between 175 and 180. A 2.75% range.

Expect a breakout on the long side in the future.

XLY             channeling upwards, and currently at top of the channel. Expect the sector to have resistance in the short term.

Plan to enter a long position in TWC when it returns to 175. I think it has limited downside at that level.
If there is positive action before returning to 175, may try to get in on the break out above 180.
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