ARUN Aruba Networks party just ran out of punch. Weekly and daily charts show overbot conditions, rising wedges and negative divergence; there is no where to go but down. The large gap at 27-29 will require filling. Also of interest is the island top now created after the February gap up. For the island reversal pattern to play out, price will drift lower and then collapse under 27 in a heartbeat creating the island reversal, then price will come up to fill the 27-29 gap from the underside as time moves along into summer.
What a phenomenal run from two bucks to 35, truly impressive. But now is the time to take the money and run. Scenario's going forward all involve lower prices; 29, 27, 26, 24, 21. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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