Sunday, July 13, 2008

TPX Update for 07.13.2008

TEMPUR-PEDIC INTERNATIONAL INC. - TPX

Monthly chart shows the major meltdown in this stock since the high was made September 2007. No buy signal/pattern evident on this timeframe.

Weekly chart shows continued weakness and selling. No buy signal/pattern evident on this timeframe.

Daily chart shows second downside target at the 1.618 fib has been hit, where early buyers started getting back into this stock. No buy signal/pattern evident on this timeframe at this time.

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