ZONA
Bein'MiserableAllWeekend,
What a horrible day for lovers of Zonagen. I went downstairs to look at the daily log on my broker's time log, and there was nothing but sellers all day. Uggly.
Then why do the longish term technicals look so good?
iqc.com
Don't get it. Hopefully, next week I will.
Two consolation prizes:
I was afraid today was going to become V of Volume+1. Luckily, Tuesday had greater volume. Otherwise the V+1 Rule would've meant selling at whatever high I could find come Monday. Small consolation, this, as it might likely provide nothing but a golden opportunity to go into official Rule-Breaking Territory on Monday. I've been in that with PETM for two days now, and it's NO FUN.
Second:
iqc.com
In a very dull way, today was the second "U" of a decent-looking double-bottom: Uptrend followed by rally with insufficient support, leading to the middle of the W, followed by another low with increasing volume, showing some idea of climactic selling. Again, small consolation.
Ivan |
