It's not looking good this morning. Futures are down 97. Select stocks the way porcupines make love - very carefully. Good Luck Everyone!!
p.s. option expiry this week.
GNIN dropped at open, seen it before, tends to bounce , FYI
Last edited by jackweed; 03-18-2013 at 04:41 PM.
SIRI - 3.05 was 5th touch of lower trendline over last 6 months -- if we close green I think we take another crack at 3.25 and/or higher over next few weeks
any chart guys please confirm touches on 9/18 11/15 12/14 and 2/26
Last edited by radejs; 03-18-2013 at 04:33 PM.
Thanks for the chart Denco. It does seem we should test 3.25 again soon. Something profound must be announced to break it or I believe we will stay in this same range until earnings.
As long as we stay above that trendline on a closing basis we should be in good shape. I will be a bit concerned if we close under that trendline and the market at the same time decides to pullback. Maybe we get a bounce off of the Cyprus BS Europe crap that caused the Macro to take a little dump. A BIG dump is probably in the cards soon. Just hope SIRI can break out before a pullback and establish a higher trading range. If we do close under that trendline then we will probably fill that damn gap at some point.