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9/15/98   COLGATE PALMOLIVE CO (CL)                              Points to Watch: Double top formed (T1 on 9/6 and T2 on 9/14 on intraday chart). Failed on 2 attempts yesterday (9/14) to break through 9/8 peak of 75 1/2. On second attempt stock fell to strong Gann/Fibonacci support zone at 72 1/2-73. MACD has crossed below 0 line. ADX turned down from 44. OBV has turned down. Wait for break below support zone before entering short term short trade.

 

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