The Most Research I Have Ever Done To Make You Money!!!

Greetings,

Tonight I spent hours researching, and drawing trendlines all over charts, its getting crazy in my den!!!

GNW I found that major support is at $7.00- $7.20 BUT on the 55 minute interval chart used on ameritrade’s strategy desk charts, it seems to be in a channel heading down, and it is at the bottom bollinger band/channel and the $9.40-$9.50 range. Today we saw it go as low as $9.17 and if this level holds here it may turn upwards for a nice swing to the upside with resistance at $10.55 IF IT FAILS I could see it going as low as $7.50 -$8 IF it heads to this level at $7and $8 and fails this $9 it could be a good short to those levels… However if you choose to go long at those lower levels, scale in at $7.20 with a third of your position and at $7.00 for another third etc…See the chart example attached for a more clear picture of the trendlines that are drawn.

MIC I found that major support is at $7.00 – $7.20 level BUT on the 55 minute chart it also is in a channel heading down but has had 6 consecutive down days ie 6 red candles. IF it hold this level at 8 and the moving averages start flattening out then this $8.00 mark could be a good place to get in, however if it fails 8 and cannot surmount the $8.40’s tomorrow then we could see $7 and $7.20 at this level you would also want to scale into the position. This trade could make for a great swing trade from those prices! See chart example and how there is no resistance between $8 and $7…

APL also has good support at the $7 range BUT I would like to see AND you prolly will see $6.80 – $6.86 which would be a great trade for the short term.

PCX is really tough to determine where it will go next…

BAC seems to be at support on the 55 minute chart and if it holds here could be a GREAT buy, BUT BUT BUT be very cautious as the next level of support is in the $13.50’s and maybe lower price range, and if this is the case, would make an AMAZING Short if it breaks here below $15 or you could buy the put options on it if it cracks below $15 and make a nice profit. See chart for more clarity two charts are included with BAC a 55 minute chart to see the Stock trying to turn and a daily chart extending back to the march lows where you can easily the support lines drawn out.

LNC If this fails this level here at 23.50 there is really no resistance until 20

HIG If this fails this level here at the $24 there is also hardly any resistance until the $18’s BOTH LNC and HIG could be great shorts if they crack these levels of support!!!

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Thanks!

Until next time;

HAPPY TRADING!

the C² Trading Team

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