UTIL Utilities 5-Minute Chart Descending Triangle

Utilities moving along a descending triangle.  Price failure would occur at about 490.70, the base line of the triangle.  The target would be the same distance as the vertical side of the triangle, about three points, or 447-448. This is far below Keystone's critical 453 level and a failure is another feather in the bears cap.  The clock will probably run out in today's session before price decides. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your finanical advisor before making any investment decision.

Note Added 2/2/12 at 4:01 PM:  UTIL closes at 449.84, on top of the baseline.  Have to wait until tomorrow to see if price failure occurs (price drops under the baseline at 449.70-ish).