I think I'll join Augie in the wait-and-see camp on OSX. Here's the daily chart on a shorter time period, and nothing here (okay, there's no volume to go on, just price patterns) to say 80 will hold, nothing to say it won't, either):
stockcharts.com[e,a]daclynay[p]&pref=G
I did notice in Augie's chart that the late winter and early spring seem to be relatively good times for the services index, but I'm not comfortable playing seasonality here.
I think there are probably some trading plays here for those with confidence and nimbleness, but the individual charts I look at do not beckon to me.
[Full disclosure, although I have timed the OSX absolutely right once, and close to right a couple of times, I have also missed some bottoms by waiting for things to turn out which didn't. I think I'd rather wait for some of the early investors to be feeling "their" pain before I drink the Kool Aid myself. Besides, there are other, more interesting opportunities around (OMG, RRI).]
Kb |
