Saturday, June 28, 2008

TPX Update for 06.28.2008

TEMPUR PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows extreme bearishness with no buy signal/pattern evident at this time.

Weekly chart shows price well below its longer term moving averages, as well as the 8ema. No buy signal/pattern evident on this timeframe.

Daily chart shows new all time low made this past week, and trading below $8 on Thursday. Thursday and Friday's trading sessions resulted in a doji candle patterns, indicating indecision between the bulls and the bears. No Buy signal/pattern evident on this timeframe.

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