Sunday, June 22, 2008

TPX Update for 06.22.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows nothing but selling. No buy signal/pattern evident on this timeframe.

Weekly chart remains bearish and weak. No buy pattern/signal evident on this timeframe.

Daily chart shows the first downside target at the 1.27 fib level has been hit. The AIM Trimark funds which hold TPX have seen their position lose more than 50% of its value since January 2008.

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