This is what I wrote on CCL at the end of 2011. (you can lead a horse to water and all that), it even managed to get one thumb up.
post# 9362536
> There is clearly selling pressure in place for most of the year, the recent August low was the only small positive. Overall the action is neutral to bearish.
Elliott count on primary is mildly bullish, I don't buy it though. No medium term target either way however if CCL breaks FSS levels which are currently just below ten dollars then targets starting with a 7 have a high probability.
On a shorter timeframe yesterdays close at 1169 was right on it's cycle high. Todays failure to hold is bearish and gives a s/t target around 11.02. A close above 11.58 will void the short in part with conformation of s/t reversal on a close above 1169.
CCL Price at posting:
$8.74 Sentiment: None Disclosure: Not Held
(20min delay)