Bearish flag in HD + bad news

[Goods]

Check out the bearish flag from Aug 16th until now.

HD announced they're taking a fat hit on the selling price of their supply unit also, if it even happens. I'd love to see it fall through 34 for a short.

http://finance.yahoo.com/charts#char...urce=undefined

Tell me if anyone sees anything I'm not here

[whodi]

If you draw a Horizontal straight line from Nov 14th to current. That was strong support for HD around 35.70ish levels, it broke under that on
August 9th. Looks like a little bounce off lows recently, which can be shorts taking profits and bottom fishing. Those levels of 35.70 are now resistance. Not a bad short position around these areas. I would put a stoploss right around 36. A clear break over 36 would be a break of resistance IMO. Check out the 1 year chart, it looks a little more clearer. Just my opinion here.

http://finance.yahoo.com/charts#char...urce=undefined

[The Little Giants]

Quite interesting. I still see a lot of support for HD right at those 32.50-33.15 range. A close below those levels can get you into the 30 range. If it closes under 30 I will buy a lot of puts.

I think Whodi called it perfectly. If you like this one for a short, you short it right here with a tight stop.

I always like to bring in 2 year and 5 year charts when thinking about trading a gorilla like HD. Good luck!