It's called chartology...using the charts to see the future. According to Eric Bolling some big caps you might own are breaking down while other you may not own are breaking out.
Eric Bolling says two charts don't look so good; Continental Airlines (CAL) and Echostar (DISH). Eric expects the airline to move 10%-15% to the downside and warns investors to be careful of the satellite company.
On the positive side, Eric says the charts are bullish for Research In Motion (RIMM), McDonalds (MCD) and AT&T (T). He recommends owning these names on a dip.
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Trader disclosure: On June 12 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Macke Owns (ATVI), Najarian Owns (NITE), (GS), (STX), (AAPL); Bolling Owns (ICE), (T), (DIS)
(NMX); Bolling Is Short S&P Futures; Bolling Is Short Nasdaq Futures