BARC

I think a lot of people will be looking for that shooting star at about that 265mark. That is also looking like a major double top.
We will see...

Does anyone see 258-261 as a top?
-fibbo extension
-strong resistance
-negative divergence rsi
-Possible end of wave 5?
I am planning to place short with stop above 265

I see a short also. The trendline on your chart and rising wedge are broken to the downside (using the more reliable closing prices). Support is found with MA50 at 224.50, which is also the 23.6% fib of the 148 move. Agree also thta we might see a bounce to 235 after 224. Final target 209, being MA200. IMO

F4T

anyone else thinking a short is in the making?

Possible a retest to the 235-240 mark which have been previously sold off..+ MACD divergence.

dl.dropbox.com/u/4385922/barc0911.png