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Fedex double top
By Colin Twiggs
April 16th, 2012 9:00 p.m. ET (11:00 a.m. AET)
Bellwether transport stock Fedex completed a double top reversal with a break through the neckline at $88. Retracement found resistance at $90 and reversal below the original neckline at $88 would signal a primary down-trend. Follow-through below Tuesday's low would confirm. Bearish divergence on 13-week Twiggs Money Flow warns of strong selling pressure. A primary down-trend on Fedex normally warns of slowing activity in the broader economy.
Whenever you feel like criticizing any one... just remember that all the people in this world haven't had the advantages that you've had.
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