YHOO important PRICE and TIME target hit (intraday)

so, did a post about the Alibaba ($BABA) fever and full expected that upper target up/around 48 to get tagged and then some selling to come in … well YHOO had been pounced lately (roughly -15%) and now we just completed an intraday SELL pattern as shown here:

so, here’s the daily pattern that hit …

in conclusion, need to watch this level very closely for weakness. if YHOO continues  up w/ strength then it might capture the upper 48 target posted here:

Will Yahoo (YHOO) Stock Top On Alibaba IPO Fervor?

let me know if you have any questions.

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART