xtrends - S&P trendline
#1
Posted 23 June 2007 - 09:00 AM
#2
Posted 23 June 2007 - 09:10 AM
What makes you think the short interest will support the down side?.....Case in point.....Check out the SI on TASR at the top.....That did not keep that stock from falling like a rock.....but the short interest is soo high, so maybe we get a move up to first 1.513
Cheers - enjoy the weekend
#3
Posted 23 June 2007 - 09:26 AM
Edited by Tor, 23 June 2007 - 09:28 AM.
The future is 90% present and 10% vision.
#4
Posted 23 June 2007 - 10:46 AM
after this week they will only have SI as their fuel
this IMO means it is just a matter of time before bears get their IT victory
bulls will show us next week what they've got - i doubt they will impress
What makes you think the short interest will support the down side?.....Case in point.....Check out the SI on TASR at the top.....That did not keep that stock from falling like a rock.....
but the short interest is soo high, so maybe we get a move up to first 1.513
Cheers - enjoy the weekend
#5
Posted 23 June 2007 - 10:47 AM
Edited by ogm, 23 June 2007 - 10:48 AM.
#6
Posted 23 June 2007 - 11:53 AM
i would not be buying IT before 1.400-1.420
Remember the homebuilders short interest ? Remeber how many people were saying that there is no way in hell the homebuilding bubble will last and kept shorting the stocks ? Well, they were right.
#8
Posted 23 June 2007 - 01:51 PM
#9
Posted 23 June 2007 - 03:48 PM
posted an update @ http://xtrends.blogspot.com/
As always, thank you for your indepth charts and analysis!!
Remember this day, men, for it will be yours for all time.
#10
Posted 23 June 2007 - 05:26 PM
The most bearish chart at the moment is the energy and the drillers, they shoot above their channel tops and they are being rejected. If any correction kicks in from here, they will come down really hard, imho...
Interesting that airlines are starting to show some relative strength. Probably the trend of rising fuel costs may be coming to and end.