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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (9901)	1/30/2009 7:06:21 PM
From: Galirayo	Respond to of 41419

Thanks ItsAllCyclical ... >>Don't really follow but I'm guessing you want to short at some pt?<< That was the original thought especially after the Fools waved the Red Flag for the Bears ... 'Caution' .. It had a lot of Friday Press today. It's a retailer / I-Nut / Growth Stock / QQQQ Component ...and / Big Institutional Holding. fool.com But who knows .. for now it's on out - performance mode taking market share from EBAY but I'd guess it'll move with its respective Parent Sectors. stockcharts.com It just caught my eye with a double digit gain against trend and left a Big Ole Gap behind. Beta shot thru the roof on this surge .. It'll calm down. And the rest of the market will either follow the Down Trend or Stabilize. >>I favor shorting the CRE sector on any bounces.<< WYNN fits Recreational Commercial Real Estate mold but it's looking like it'll break to new lows on what may be a Measurable LT Head and Shoulder Formation .. not bouncing ... yet. Are you proficient at EW Counting too ?? I'm not .. I'm still a Student of EW .. Complicated Stuff at times.