the ABT short setup posted last night did manage to open slightly above yesterday’s closing price of 65.04 (opened today at 65.07). while one may choose to wait for ABT to make clear turn down from these levels before shorting, i personally just shorted it (actually, bought some january puts in lieu of shorting the shares) here as the stock looks to be back-testing the bear-flag pattern from below as more clearly seen on this 60 minute chart below. i can also draw the pattern as a bearish pennant which basically has the same implications as the bear flag pattern. targets and stops remain as posted last night on the daily chart.
