1st Quarter 2012 Results of selected stocks…
Remember that pennants are continuation patterns. A breakdown on that pennant will send our index to 4,600.
Let’s check the index stocks if they will agree on general index’ pattern.
MPI – another bearish pennant
ALI – bearish FLAG
GLO – need to break the descending resistance
MEG – make or break at 1.90
RLC – potential head and shoulder
JFC – need to break that descending resistance line