Sunday, December 03, 2006

BEBE Analysis 12.03.2006

Bearish gartley butterfly right at the .786 level level. Doji right after the large green candle was a good clue to take profits if long. It is also an aggressive sell short.

Profit taking at the .786.

Last of the sellers sold with a gap down. Early buyers stepping back in on Friday. Watch next week to see if it was profit taking from the shorts, or whether there will be re-newed buying.

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