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:

YHOO SELL PATTERN

YHOO SELL PATTERN

 

so, here’s the daily pattern that hit …

YHOO DAILY 1.27 pattern into Alibaba IPO

YHOO DAILY 1.27 pattern into Alibaba IPO

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:

http://www.seeitmarket.com/will-yahoo-stock-top-alibaba-ipo-yhoo-13758/

let me know if you have any questions.

Bart

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