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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (33961)11/29/2003 11:16:45 AM
From: jrhana  Read Replies (3) of 36161
 
I wonder if someone could explain something to me as I am weak on stock technicals

Illyia replied to your post over on CFZ with to me an interesting chart

siliconinvestor.com

No forgetting about what the chart is and just looking at it I see a nice upgoing channel. Why short it? I know stocks are destined to fall a great deal, but when is the question. In other words if anyone could just look at that chart and explain to me what is so (at least short term)bearish there-ie what am I missing here?

I think that what we want the market to do and what it does are two very different things-The market like the mountain does not care.
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