Wednesday, September 26, 2007
Cube - Over bought & nearing target area
While sitting through the gold stock correction currently in progress, the thoughts of any self respecting market participant begin to drift toward the inevitable "where oh where do I short that pig?". In an email last night, reader Dave told me to "choke out that bull pill before it kills you" - a classic line. But I am not a bull, just a guy obeying these charts. Why question why the pig is rising? It is. And this possibility was forecast by the charts. It wouldn't have anything to do with heavily short retail, would it? Dave is short the financials & real estate - nice calls. Perhaps the pig itself will present some opps next month as well.