I meant the the castle of Las Vegas Sands.
Weekly chart below shows that LVS downtrend was stopped at 61.8% level (b/w Oct 2011 Low and Apr High).
Yes, it is a Fib retracement play.
Giving the persistent downtrend for the last 5 weeks, it “may” walk back up to the $60ish level if market condition turns bullish due to 2012 being the Presidential election year…
Bought a starter position here @ $47ish.
Below is the weekly chart
Below is the daily chart. Notice that stochastic is turning up at this point.
Dumped my LVS this morning for a small loss since the Sands castle couldn’t hold.
Love my small losses.
I had been imagining more about some certain groups that want to shut down the local homeless shelter.