ACN Analysis for 12.15.2007

Accenture Ltd. - ACN

Monthly chart shows selling pressure evident the past 6 months. No buy signal or pattern in place. With continued weakness, next target level is the key LIS and prior s/r at $33 level.

Weekly chart shows consolidation range and bear flag formation. This is a possible wave 4 with lower low to complete wave 5. No buy signal evident.

Daily chart shows price still in same small consolidation range. Look for buy signal after a lower low has been made.