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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (27851)3/4/2005 8:40:08 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
We may have a top of some sorts developing in copper, but we are at an interesting juncture with NTO. With the stock price breaking out to new highs, on volume and with solid money flows,
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G
this is one of those situations when the momo Investor Business Daily types jump on board. We might see very nice price spike here, but I will be inclined now with the increasingly negative commodity set up that is developing to use this to sell. Comments are welcome but usually a IBD style new high momo run will last about 6-10 trading days.

Oddly these runs can often occur precisely when underlying conditions may be worsening. Here's what they look like with much worse MF and accumulation than NTO:
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUc20!Lf]&pref=G