Dupont (DD) has been maintaining a pattern of lower highs since early 2011. There are numerous technical factors strongly suggesting that it will lose about 15% of it's value over the next 1-2 months. In June it made a 61.8% retracement of the drop it had from April to early June and since mid June has done another 61.8% retrace, very classic Fibonacci ratios. Click on the attached chart to enlarge it and to see additional information.
Tuesday, July 3, 2012
Short DD
Dupont (DD) has been maintaining a pattern of lower highs since early 2011. There are numerous technical factors strongly suggesting that it will lose about 15% of it's value over the next 1-2 months. In June it made a 61.8% retracement of the drop it had from April to early June and since mid June has done another 61.8% retrace, very classic Fibonacci ratios. Click on the attached chart to enlarge it and to see additional information.
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