Commentary - Jul 16 2007 9:05AM

By: 2D-trading Monday, July 16, 2007 9:05 AM

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The market traded higher last week in an impressive action. The bullish sentiment is rising all around and this ahead of a heavy earnings week and important inflations datas is more than an alarm bell in my ears. Cautions is more than appropriate right now, because danger can come with little warning on the stock market. With this in mind, there are still few interesting patterns for the long side.
Here an interesting chart:
Tenneco Automative Inc.(TEN)

raised to a eight-year high two weeks ago. The stock is moving sideways in a 60-minute cup & handle pattern since then and could break out soon. Put it on your watchlist.

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