Rich, I don't follow that one, maybe I should, the chart does not look too bad, any insights as to why you like it? In the meanwhile, MERQ seems to "want" top breakout here, I still have it from last week, but I just sold it here for $2.5 gain, and will reenter on a swoon back if it lets me.
It is important now to remember that most of the positive move, we had ;last week, and while I still expect another day or two of stellar performance here, some sectors (like the semi's) are probably not going to make new recovery highs. Some in that sector, like MU are becoming ripe for shorting or pootsing, for those with a taste for the "dark side".
Zeev |
