Wednesday, November 21, 2007

Credit Suisse Group (CS): Counter-trend bounce coming?

Anyone looking for a counter-trend bounce play? I was watching Credit Suisse when all the trouble started and it seemed to hold up pretty well. That has changed recently and CS has sold off hard. Well the market can't go down forever and when we finally get that bounce, I expect CS to move up pretty well.
CS is only one more down TD Sequential and TD Combo count away from a buy signal. If we get it, I might jump in with a price target of 64.50.

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