CHECK out charts on MCD,VZ-breakouts?

Discussion in 'Trading' started by dsq, Dec 3, 2008.

  1. dsq


    They are both coming up on big resistance.MCD has been trading under 60 for a long while and looks like it wants to move through it.VZ has a similar chart with a big resistance at around 34.
    Both of these look like they are trying to build and emerge from their troughs.Look at a 1 yr or 6 month chart.Kind of similar to the general market and makes me think the whole market may be setting up for a big move up.Actually,the dow looks weaker than these 2 stocks-a sluggish pattern which looks stuck at 8-9k and has to challenge 9500 before breaking out it seems.Almost looks like more downside.