Union Pacific Corp, UNP:
1. Since Tues. Feb. 24 in our Williams edge stock meetings it was noted that Union Pacific Corp, then trading at approximately $122.00 was expected to decline from $122.00 down to $117/$18 (or lower) into the second week of March.
2. Since then Union Pacific has continued to decline and today (Wed., March 4) made a session low of $116.60, completing the $117/$18 downside target. These price levels are profit taking territory for those taking advantage of the forecast. This completes the trade.
3. The next important weekly bottom in Union Pacific Corp is due the week of March 9 (+/-1 week) and may prompt new long entry. Will update as the market confirms.