Slope Of Hope with Tim Knight
Continuing on the Path to a sub-$400 Apple
Mar 28, 2013 11:36:39 AM
MS Nears a Key Support Level
MS or Morgan Stanley is looking very weak and is venerable for a significant drop lower. Over the last week and month MS has been trending downards towards previous support at 21.78. The last few days MS has chopped around this level but has not tested it again. MS 's price action has formed two descending triangle patterns which are all dependent on a base at 21.78. What make this level so important is that there is NO support below this level till 20.30 or about 6% lower and that support is even weak. The strong support is at 19.15...
Doji Girl Bar
We typically have bars on Fridays, but tomorrow is a holiday (and I'm going to be making a big announcement, so be sure to come on by anyway!), so we're going to do the bar today, courtesy of Doji Girl. It turns out that a friend of hers is a performing mermaid at this bar: Here's some video of the aforementioned friend in action........
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