Jack Ucci:
T.A. on VASO this last Friday showed a remarkable reversal and a great feeling of optimism going into the week end. We just about had an inverted hammer (Japanese candlestick) which is bullish. Friday was counted as a day of significant accumulation (good). There was however a CCI (Channel Commodity Index) which gave a sell signal after the end of the Friday session and this is most likely due to the failure to reach a new high for VASO, Friday. What was bullish is the rise in VASO while the market is tanking badly again.
I cannot go any further here because T.A. does not give the answers how to trade VASO at this point because any news will rock the boat one way or the other. I don't own VASO. I like their EECP system a lot and am optimistic that new indications will be found. If I owned VASO, I would be be very careful during the next few days because the stockmarket ongoing new downturn could catch up on VASO fast, especially if IRAQ continues to "misbehave: (remember that the drop in the stockmarket in 1990, when Iraq invaded kowait was about 20%.... just about as bad as the 1987 crash, but more gradual). The Asia, Latin America, Europe and US stockmarkets are really unstable, IMHO. I am 80% out of the stock market at this point and buys some dips, but VERY carefully. I don't know if one can short a small company like VASO, but if this happens, that could drag this stock down real fast, at least temporarily. If the study gets great, well publicized news at the meeting, we could see 4$ or slighly above, in a hurry. Would that hold there... Probably not. Interesting week coming here.
Good luck all
Gaston |
