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To: Chip McVickar who wrote (12145)2/3/2012 3:38:40 PM
From: robert b furman  Respond to of 12410
 
With WEEKLY RSI @ 61.

we can be on cruise for a while yet.

Monday may adjust back a bit - adv/decl a bit frothy.

Macd looking good ,Rsi has a bit to run CCI can stay high for a while:

stockcharts.com

New highs building a head of steam it is getting explosively strong:

stockcharts.com

Beginning to wonder if down does not happen soon - we'll have a recognition wave that truly will scare the shorts out of all positons - or it will kill the die hards who stay short too long.

We may just have us a TIGER BY THE TAIL here.

Man I hope so - this country needs some optimism so badly.

I know I do.

Thanks for your charts - I love pitchforks and you know what you are doing.

Bob



To: Chip McVickar who wrote (12145)2/6/2012 12:07:56 AM
From: Hawkmoon  Read Replies (1) | Respond to of 12410
 
I have a hunch we're in "short squeeze" territory now.. It's going to take some major negative news to abort it..

Encouraged to see it, but would like to see more volume and retail money inflows.

Hawk