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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1402)	7/28/2006 6:08:59 PM
From: Moominoid	Read Replies (1) \| Respond to of 2852

I don't think the chart is bullish really. It could be bearish... The stochastic is above 80: stockcharts.com Which means it can remain irrational for a while. So wouldn't be my first choice for shorting until the stoch went under 80. One can argue that the move from the beginning of the year is all an upward correction. It is possible that shorting just about any stock will be good next week... or if prices manage to rise on Monday we could get an irrationally exuberant rally (probably driven by short-covering I guess).