LMT is at a major resistance level as well as the beginning
of a diamond top formation, in addition, the trend
direction has stalled out.The trend began around
April 2004 and has had 4 major lifts.
As a rule The 5th is usually the final and
weakest peek prior to a correction (small reversal of trend)...
Lmt as well as many of the Defence Stocks Will most
likely continue to trade relatively
flat until early 2008...The next 6 months will be
a good time for swing traders .
there will be plenty of volatility .
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