March 20's post, I think USO is undergoing Elliot Wave C, which is the biggest and longest drop in the Elliot Theory. USO has crossed below MA(50) as well as MA(200) and had a bearish MACD crossover last Friday. I target $30.00 in a month.
Tyco Intl Ltd (NYSE: TYC) shows a double/triple top pattern. It crosses below MA(50) again. Bearish MACD Crossover. Still not very bearish to make shorting it a good trade, but I suggest stockholders liquidating their shares for now.
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