Joined Jan 27, 2008
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SHLD to $400.
Seriously though, even though the IBD loves the cup and handle pattern, I don’t think they work much in bear markets…
-DT
Also, and not to be a dick, but the IBD also calls for a stock to be in a prior uptrend before a cup and handle forms. SHLD meanwhile, has lost 33% of it’s value since October.
Plus, Cramer still likes it, no? That should throw up a red flag or two at this point.
-DT
DT, this ain’t IBD. To me, the cup & handle presented in this picture, is bullish.