Shorted the OIH. Again, here is another big, near-parabolic move without a breather (coincidentally going through a big strike point on options expiration -- whoa, didn't it just happen a couple of months ago the same way?), and like Apple and TOL, it will pull back. We are nearing all time highs without the similar fundamentals of earlier all time highs. If it goes higher, I will short more as this is a rich group with corrections that average 10%-15%, six times per year, per RBC Captial (see Big Dog's message 39315).
stockcharts.com[h,a]daclyiay[pb10!c20!b50!b200!d20,2!i!f][vc60][iut!uh14,3!la5,17,9!la12,26,9!ll14][j33502527,y]&listNum=1
stockcharts.com[h,a]wacayiay[df][pc20!d10,1!f][vc60][iut!Ua5,17,9!Ul14]&pref=G
Best regards, |
