Sunday, November 04, 2007

BSC Update for 11.04.2007

BEAR STEARNS COMPANIES INC - BSC

Monthly chart shows downtrend established and intact.
Weekly chart shows bearish momentum.


Daily chart shows strong selling as sellers gapped down the stock on Thursday and continued to sell it well into the close on Friday. As per previous analysis, we are on track to test the $100 area low and lower. Eventual downside target for this stock is the $83 -$82 level.

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