GRMN: GARMIN Decent Technical Trade

GARMIN LTD Daily Commentary Our system posted a WAIT today 4/30/2008. The previous SELL recommendation was issued on 04.29.2008 (1) day ago, when the stock price was 47.4100. Since then GRMN has fallen -13.73% . Our WAIT tag says all that is to say. Stay at cash or check the other stocks while waiting the next signal. Do not bother with buying or short selling this stock as long as the WAIT tag stays. I would buy 1/2 of a position and watch the targets listed below if the stock goes to the downside second target the lowest price will offset the firt position. I believe the stock is oversold "enough" to put on a small position. Candlestick Analysis Today's Candlestick Patterns: Long Black Candlestick WAIT Today a Long Black Candlestick was formed. This shows that the prices declined significantly from open to close during the day under strong selling pressure. SELL CONFIRMED Last 4/29/08 46.44 Intraday profit for shorts +6.69 Breakdown Alert Stock Price: 41.15 Low 39.75 Gap Down Open 43.85 Candlestick Analysis Today's Candlestick Patterns: Black Candlestick Today 4/29/2008 Black Candlestick was formed. This represents normal selling pressure. DN TARGET 1 Price: 38.85 Profit: 5.6% , for a typical pullback. Cover Limit: 44.25 TARGET 1 POTENTIAL Excellent to Target 1 TARGET 2 Price: 35.43 Correction of 13+% BREAKDOWN CONFIRMED below 41.60 no support below Continuation breakdown from single support. Target: 34.10 Good GRMN - GARMIN LTD (NASDAQ) Daily Quote Date Open High Low Last Change Volume % Change 04/30/08 43.85 44.75 39.75 40.90 -5.54 19841652 -11.93% 04/29/08 47.58 47.83 45.70 46.44 -0.97 4182800 -2.05% 04/28/08 46.17 48.10 45.51 47.41 +1.32 3987800 +2.86% 04/25/08 46.19 46.20 45.00 46.09 unch 2593900 unch% 04/24/08 44.67 46.43 44.06 46.09 +1.57 3699800 +3.53% GARMIN LTD Daily Commentary Our system posted a SELL CONFIRMED today 8/29/2008. The previous BUY recommendation was issued on 04.24.2008 (5) days ago, when the stock price was 44.6700. Since then GRMN has gained 3.96% . SELL-IF is confirmed by a black candlestick with a higher open and a lower close. The selling price is the previous close ( 47.410 ) according to the Rules of Confirmation. Bears are getting stronger. (this was a very correct statement price dropped hard closed (-11.93%)4/30/2008) The market hesitated a bit, but finally confirmed the bearish pattern with a one day delay. Though the market opened higher today, the day's activity created a black candlestick that closed below the previous close. This is a valid bearish confirmation. We hope that you sold this stock. Your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bearish tendency despite the higher opening and sell your shares after making sure that the prices stay below the previous close. If you sold, keep away from this stock until the confirmation of a new BUY-IF signal. What to do if you did not already sell? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for selling your shares in the following sessions. (Very True Good Profits For Shorts) The market is an inviting one for short-sellers. Risk lovers may now go for short sale. IMHO UP TARGET 1 54.75 Stop Limit 38.42 TARGET 1 POTENTIAL Good 2 resistance TARGET 1 RESISTANCE 43.35 single top 46.55 single top 54.75 is Target 1 TARGET 2 56.60