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To: Henry J Costanzo who wrote (168958)6/13/2008 4:03:45 PM
From: jmiller099  Read Replies (1) | Respond to of 209892
 
Sounds wiggly to me <g>

Forecast is next week is up and a great opportunity for positioning shorts, such as COF.



To: Henry J Costanzo who wrote (168958)6/13/2008 4:44:11 PM
From: The Freep  Respond to of 209892
 
Hey, MC, if we did hit a low yesterday, then we could easily have jumped into a iii up into the close today with more strength Monday, so of course it interests me. And heck, we haven't closed at the highs like this since a week ago Thursday. OK, sure, that wasn't a great time to buy, but the wiggle charts look different here than there.

A quick scan of some weeklies doesn't have me as bullish, but as I keep on saying, we haven't broken down nor have we broken back up. It's nice that you point to a good day in MER and a break of a downtrend line there, but that's also a stock down 30% in a matter of a month -- a stock that kept saying this down move wasn't over as we slid. Now with two good days it's a barometer stock???? Seems kinda unfair to moi.

Still, without question not a bearish close. There are even some possible hammers on some weeklies But I am not yet excited. Cuz, well, cuz I'm a freeeeeep.