Saturday, July 15, 2006

Marriott International (MAR) Chart Analysis


Monthly chart shows potential bearish engulfing candle reversal pattern forming at the UBB. Market is still bullish until sell pattern is triggered.

Weekly chart shows 2 weeks of selling. Lets see if old resistance becomes new support at the $34 to $35 level. Chart indicates that selling could take price down to $32.64 ish level and possibly lower.

Daily chart shows relentless selling, sending price thru prior resistance to test the $34.70 low.

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