Higher lows?
Since the May 22nd high, the COMPX has made a series of lower highs, and lower lows on each rally in the range.
stockcharts.com[w,a]daclnymy[dc][pc5!c21!f][vc60][iUb14!Ua8,17,9!Lh5,5!Lg!Lc20]
Bullish short term maybe, I agree, but the longterm trend is still down Mike, and each rally attempt seems weaker. I'll say it again, I'm all for another weak rally here, and think there is every possibility it could happen.
But the odds of major crack far outweigh the odds of a launch.
That's just the way I see it, and I'm usually way off...
but thanks for humoring me anyway<g>. You are a true gentleman.
Hope you're having a great weekend.
Regards,
John |
