>>> Hal is just down with the OSX, good buying opp on the OSX right here. <<<
No Rex, HAL isn't just down with the OSX and this isn't a buying opportunity in the OSX, right here.
HAL is down, period. Buyers are on strike. Without any buying pressure, HAL could drift down even further. Mental stops need to be in place to protect profits for those who have them. One can always buy back in when the buying shows up.
The low volume today is suggesting anxiety, perhaps even a little panic due to the downward price movement.
The OSX just crashed through two major support levels, that now become resistance levels. Again, the OSX is falling due to a lack of buying pressure.
I've continued to relay the message that the OSX was displaying weakness in the charts and indicators, especially since most people assume we have good fundamentals and all of the analyst upgrades recently. That weakness is indicating the OSX has further downside to go.
The buyers are on strike! What's it going to take to get their money?
In my opinion, any buying done here is panic buying, perhaps even dumb buying, (no disrespect meant to anyone), not exactly the best type of buying on a risk to reward basis.
All in my opinion of course.
dabum |
