Hi, Irene:
Yea, I found the place awright, but I'm still thinking about that
Cindy Crawford page!!! Let me amplify on something. Under normal
circumstances, oscillators like Money Flow, Accumulation/Distribution
should confirm the direction of prices...which is to day that in a
rising market, we usually see the technicals rising as well, and vice-versa. Now, in IMMD, we have a very curious condition in which
the techs I referred to, plus a few others to boot, are rising while prices are falling. Indeed, the disparity is SO great that had
prices been matching the direction of the techs, IMHO, IMMD would
now be trading at about 3 1/8 - that is how extreme the divergence is.
You just have to see the tech displayed graphically to appreciate how
far out of kilter the situation has become. If you know someone with
a good TA software package, I suggest you try to wrangle yourself
an invitation to play with various indicators on the IMMD chart. The
divergences are nothing short of shocking. Indeed, in 4 years of
working with TA and stock charts, I have never seen such an extreme
divergence. I am open to suggestion, of course, but I can see no
possible explanation for such a vast divergence OTHER than this
market is being held down deliberately. BTW, for what it is worth,
the usual pattern in markets which have been artificially depressed is that, when the spring finally uncoils, it is an exceptionally volatile breakout; one could almost say a violent
breakout. Indeed, I am beginning to suspect the MM's (I use the term "market manipulators") are setting this stock up for just such a violent trading move in which several months of patient, diligent manipulation on their part are rewarded with a fast move in which they realized 100% to 200% gains in a matter of days. All that is needed is a good excuse to pull
the trigger....say a very good earnings report, announcement of a
fat new contract, an analyst initiates coverage with a strong buy
rating...etc. All I can say are certain key technicals are just too
bullish. Far too much stock has been accumulated at higher prices.
I am conviced this is perhaps an extreme example of things not
being what they seem. Oh, Irene, feel free to post that e-mail
where I talked out the "little stinky fishes." Kinda short on TA
wisdom, but I did enjoy turning a few colorful phrases!!!!
Art |
