ON THE CATWALK
SBUX back on the low. Will need to screech out some volume to cut it. After the last two failures, the temptation is either to kick it onto the back-burner or to demand a super-strong signal. It's one of two of Friday's signals that failed to produce enough reward to mitigate the risk; ODIS, which I just plain missed, was the other, but I doubt it did 10% before putting in another new low, two days later. In short, we're in a correction, and the worst kind: the slow stultifying droughty doldrum summer kind.
MCK is still my No. Uno Quarry (now that WDC is proving to be a punk-ass stuck pig. I'm ashamed that any cat o' mine should sulk with its tail down like this. No new low for MCK as yet, though today could see it.
.http://www.bigcharts.com/custom/freerealtime-com/freerealtime.asp?sid=&o_symb=MCK&symb=MCK&time=1&uf=0&compidx=aaaaa%3A0&maval=0&ma=1
Some large institution is bailing, or some day trader's going way out on a short limb. It needs 3m to qualify.
That, strangely, is it so far; other new lows, but no volume in any of them.
Said I'm gonna raise a fuss,
yeah I'm gonna raise a holler;
about stalking little kittens
just to try to make a dollar. |
