robert,
thanx for the reply <G> !!!
now, i thought i was the only one sleeping this late at nite !!! <GGGGGGGG>
the reason i'm not as bearish tonite as comparing to last nite cuz compx is currently trading/forming a bullish wedge while it's heading lower !!! furthermore, although compx closed with the 'doji' on friday, it had the negative divergences in both of its RSI and MACD !!! however, while it trended lower today, those 2 indicators were putting in a higher low's, which implies that the current down trend may not be as bad as it seems !!!
dont get me wrong, robert - i suspect that it may head lower tomorrow !!! but, i just dont think it'll crash, and burn here .. as a matter of fact, i really dont think we're goin to see the 'capitulation' in this bear market; but then again, what do i know <GG> !!! i do suspect that it rebounds rite off the lower trend line of the wedge ... and a break of the wedge to the upside maybe as early as wednesday, where it can establish a new short term up trending, which may last till friday before the reversal kicks in again !!!!
re: VIX - i hardly follow VIX or dow stks, robert; sorry !!
re: selling for the tax purposes - how about short covering to pay for their tax gain over the past few months <GGGG> !!! just another probability, robert, i really havent put too much thoughts into it; and thanx for reminding me <GG> !!!
regards and good luck tomorrow,
auto
ps. nite nite !!
=) |
