HPQ update

hpq oct 24 2012 mhpq oct 24 2012 s

From both the medium and small sized charts a case can be made that HPQ is about to make a bottom or might already have done so. A dip below $14 is definitely a buy and for those that are a little more courageous here and now is good enough.

hpq oct 24 2012 big

The big chart  allows for a further drop to somewhere between $14 and $11, average of $12.50. $2.50 down against $10+ up is a pretty fair risk/reward by any standards but if you are a little timid why not just stare the cat out of the tree. That too may work.