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Friday, March 7, 2008

Solar Eclipse

Descending Tripple Bottom Breakdown is a bad thing.

Look at the P&F chart for LDK (in comments section)

Notice that LDK broke down on 27-Feb-2008 and continued down.

This means don't buy the stock.

FSLR looks bad as well. Lower highs and lower lows.

Will be tough to hold if it breaks 194.

Other solar stocks with same pattern breakdown: SPWR, STP, FSLR.

Won't you buy more?

Disclaimer: hindsight is 20/20