Wednesday, August 5, 2009

Retail

Retail is starting to look weak.  It will open below it's support at 82.50. 
Here are a couple of decent looking shorts in Retail if RTH starts to weakening more.
JAS- if breaks down 23, the gives you a clean stop
BKE-Desecending triangle
ANF-strong up trendline wait for it to break around 29.  If you short this, do it with no shirt on just like A&F would.