ETF CORNER

ITB : Cup and handle in the making ?

The multimonth cup formation is clearly shown in the chart of ITB. It failed to break above $14 the first time around. I'm wondering if we are entering now in the handle formation ?? Any ideas ?

My immortal charts !

Charts & music brought to you by Evanescence with a great song for a Monday morning :"My immortal" . Enjoy Kids, see you a little before the open !

ITB : Lucky Charms ??

I had posted a chart on October 1st (Click Here) and it has worked as a charm until now !! Geez, I am really feeling lucky on that one !! Is it my lucky charms ?? ;) I have taken the old chart of October 1st and added an update so you can compare & contrast easily !! BTW: My final target remains $10 !!!

ITB : Home sweet home !

An update on ITB (US Home Construction) won't hurt. The bounce I had aniticipated around $12.53 was a success. My next post on shorting ITB at these levels was also a reasonably accurate call (Click Here). I think that ITB could make another tiny bounce (green arrow) and then resolve towards $11 in the longer run. My final target on ITB is still $10 in early 2010 !