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afraid feline in extremis is the prevalent theme here. don't know if you follow charts at all, mike, but i took a cue from eln's chart on that big black candlestick around 48 and bailed on all of it mid 40's (don't believe it matters why it fell, rumors, journal articles, etc., because what we are measuring here is sentiment, and some days bad news is good, and some days it ain't) drop was about 10 pts in 3 days on ~15 mil. shares. next it comes back in 2 days half that distance, but only on about 4.5 mil. shares. now - is this going to be a dead puss, or can it rally up past its lower trend line into 46ish territory? that's my tell for the moment: a good, predictable stock that either tells me i have misjudged the market's tone, or a continued breakdown that says i got it right. would have got hammered again yesterday if i hadn't gotten out. tgen < 10, ughhhh! lol, don |
