Monday, January 12, 2009
Another tank?
You read about the overbought condition that i was posting here since early last week and the end of the week brought the expected selling, which caused some notable damage to the charts. We`re near suppport levels in the major indicies, and it looks like we will break them soon, which could bring up a retest of the lows set last year. If you ask me, I would guess we retest before that quarter passes, but thats just me. Caution is king here. One of the short names on my list today is AAPL on the 90 area. In case we are going to bounce from here TSO has a nice chart over 15.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment