Thursday, August 6, 2009

AZO short entry set up

AZO has been in a downward move longer term and has now completed a shorter term corrective ABC. This is a low risk strategy in a toppy market. Short here with tight stop at high of day. This could break down and if it goes lower than 145.50 on any kind of volume, I will hold this as a swing trade. Otherwise my target is 145.10 to 145.50.

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