Prophet, I am nto sure, it is a squeeze, it sure does not look this way here, closing near the low of the day, worse than a gravestone doji, not promising, IMHO. I have next week as a strong week, but since we had this week relatively strong, who knows, but it could be an opportunity to get out before the February massacre sets in. Frankly, if you look at SNDK chart, the area of $42 to $43 was a supperb suppoer area a while back, such areas often become overhead resistance, so I think that a trip under $40 (actually I think to the low 30') is not impossible, and if the big bear comes back after the FOMC meeting, who knows, maybe even under $20 as a bottom.
Zeev |
