Monday, July 7, 2008

KM: 7/7/08 Full Disclosure

Position: DE put
Closing Price: 69.82

Target: 56
Stop: 71-72 range
Price Pattern: Weekly chart's double top breakdown

Pros - AG is breaking down, dollar strengthening, sector rotation out of commodities and material
Cons - MOS, AGU, and POT have strong trendline and MA support presently and if they bounce, DE will follow.

de - weekly chart

de - daily chart

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