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Tuesday, March 27, 2012

End of the Line?

JPM has had a phenomenal run of late, but a long term fan line off the Mar 24, 2000 all-time high should put an end to all the fun. 

It doesn't help that JPM also just completed a bearish Bat pattern and is back-testing an internal TL that dates back to 1996.

And, that over the last week, JPM has completed a Crab pattern way up in the tip of the Bat.

Dimon's pulled off some pretty slippery tricks in his tenure; we'll see if he can beat the odds this time.

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