Study/Radar – BTU, CAM, CINF, FTI, KMX

May 17, 2011

Study/Radar – BTU.  Note study points below.  Look for setup on intraday chart.  NOTE: Other S&P500 stocks with similar 200day patterns – CAM, CINF, FTI, KMX:

1. 5 wave advance
2. ABC correction
3. 38% correction for waves 1-5
4. ABC correction into area of previous wave 4
5. Pullback to 200D
6. OBOS oversold and turning up
7. Correction holding above previous Intermediate Term High

BTU Daily

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