Don, TA is never 100% "right", and certainly not with a volatile stock like RMBS, yet over the last 18 months, those turnips caught all the major up trends and had to take a minor loss, so far, only once. As a matter of fact, they just got me out this morning again (at $91.5, after we failed going through $94) at a modest $3 buck or so profits. I was not in last Friday, if I would have been, I probably would have sold around $82 (at a loss, of course), thinking that a close under $84.75 was in the cards, of course, the stock had a $10 bucks recovery, just luck, no brains (g). Yet, the failure, in face of all the good news to finally get over the hump indicates to me that the bear are still out there, far from panicking, they are shorting with abandon. Someone must know something which is not reflected in all the good news.
Zeev |
