>>Where is joe ?<<
Sorry, guys. I was distracted by my 'other' job.
I've been trying to keep up with some of the
action...also going back through some posts.
My opinion so far, is that this rally is not
for real...I could be totally wrong because I haven't
been tuned in enough.
Reasons why it's not real
1) It's real short term, but the same pressures
will come back as soon as this rally stops. Volume
is not that high...it does seem that some institutional
$$ is going in, but slowly, cautiously.
2) I tend to think as the TA guys...we've still
got to flush out some of the weaker hands. Some
of them will be taking their profits as of this
up trend...I could be wrong, but so far this is my
impression
3) BTW, remember how much volume we had after the
hugh gap up day after earnings? We still had 10M
shares a day for 3 days, and we didn't get anywhere's,
so I'd be carefull about interpretting an upswing
from this.
4) We went up fast (today), not so much from shorts
(remember William how you said that shorts are for
the most part out of the game..)...but because lots
of holders are 'strong' holders. Nobody left to
sell except still some weak hands, and lots of
strong hands. Weak hands, imo, still need to get
weeded out.
5) Maybe this is a short term rally, for a short
term trade situation...
joe |
