Desperately want to short JNJ

December 12th, 2010, 12:19 PM

I have a personal dislike for the company (long story), but don't want to lose money over it--not even "play money" which is all I'm risking now. Really just starting out with charting, especially drawing support/resistance lines. Attached is today's chart--it's a mess, I know. Price is approaching what I consider strong support.

I'd really appreciate everyone's comments and analysis of what the chart is saying, as well as commenting on my attempt to explain what may happen next with the price (I think it's going to break resistance and the H&S neckline at the same time).

Thanks

December 12th, 2010, 12:59 PM

trading based on your emotion is a guarantee for a failure, stay away never look at it as long as you live. having said that if it break 61.11 it will go for 59.

Desperately want to short JNJ

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Desperately want to short JNJ