Saturday, August 30, 2008

Deee-fense wins championships.........

Defense stocks are poised for action as Russia pushes their chips in on NATO's table. Here is the Aerospace and Defense protfolio ETF touting a bullish ascending wedge. The cool thing about this is the tight stop that can be set just below the Fib line.
General Dynamics seriving the coffe at the table in this cup an handle formation. Again a fairly tight stop at the Fib line.
Raytheon....well enough said....
If you have not seen the Wallstrip video blog on GD it is worth a look.

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