Stefan--
I'm not the meister, but you have been doing a good job of continuing to ask the good questions about the behavior on this one. To me, the moderately short Stochs appear fairly negative(5,3,3 and 4,3,2), withe the 3,1,2 looking like it may be setting up the right shoulder of a H & S to break down out of tomorrow. The 2,1,2 suggests it may.
I closed this short, not because I don't believe it will fall, but because I felt the need to reduce my short exposure with the upturn in the RSI 13 model for the Dow and The S & P 500. I also closed ELNK for a nice 7 point drop in 3 days, but have kept ZITL and SEVL.
I'll be interested to see what Doug's take on this is.
Ocote |
