Brunswick has been on a down trend (as seen above) since the start of 2005. As of late, a 4-month symmetrical triangle was formed since Feb 2008. This pattern indicates a period of indecision on the part of investors. We believe, however, that the selling momentum has not yet ceased. Fundamentally, companies that sell luxury items will be weak during economic downturns as consumers would crimp on spending. We see this stock going down to $11.00. Short this stock at the 14.90 levels.

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