Friday, May 05, 2006

Sears Holdings

Here is a daily chart of Sears Holdings. I last commented on SHLD here.

The pattern of higher lows which started from the low at 112 last November is still evident in SHLD. I have every reason to think that the 154 level will be reached soon. In fact, I suspect that the market will take a peek above the 163 high before any substantial drop materializes.

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