Saturday, April 2, 2011

HD Home Depot Weekly Chart Rising Wedge Negative Divergence

HD Home Depot charts shows rising wedges, overbot conditions and the negative divergence that caused the February smack down. This chart is rolling over. 34 and 36 serve as targets. Price should move sideways to sideways down into summer time. This is concerning for the overall economy since you would expect HD, of all companies, to be going gangbusters in the spring time, just like 2009 and 2010, but, however, price does not have the oomph this year. 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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