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.

BSC Analysis for 10.20.2007

BEAR STEARNS COMPANIES INC - BSC

Monthly chart shows price below the 34ema with current downtrend intact.

Weekly chart shows price below its 34ema with current support at .500 fib level.

Daily chart shows consolidation into $133 area high, where sellers gapped it down the following day and continued to sell it thereafter. Look for continued weakness and test of low at the $100.35 area and then a break of that low.