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Deere & Company Message Board

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  • bluestarromeo bluestarromeo Aug 18, 2009 12:46 PM Flag

    Looks like solid earnings report tomorrow AM

    Agreed. However, daily chart is showing inverted H&S from May nested in inverted H&S from Oct. All the wannabe ace chartists are foaming at the mouth. Target is $60/$65 area for this pattern. I think it will be a huge head fake and drop back to 50 ma area around $38. Too many convenient excuses for mgmt (too slow on funds from stimulus etc, etc.)Broader mkt psychology is too tired from run up. Not enuff short % interest and mgmt has probably sold all the shares they need to for now.

 
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