Tuesday, May 12, 2009 5:44:52 PM
Re: DRYS
Well, not only DRYS went against public opinion (the expectation was that it would continue its shameful decline), but it went the "crazy" way I had opined yesterday: Held above last close and closed near HOD (cCurrent AH trades = 7.02 x 7.04).
Nice to see how reliable TA really is, all emotions and biases set aside.
In any case, and against any intuitive expectation (expecting more "tanking" going on today - no pun), DRYS has more life left in it, as per EOD activities (RSI held > 50-line, and all secondary indicators are perking above signal lines or support levels.)
D.
Well, not only DRYS went against public opinion (the expectation was that it would continue its shameful decline), but it went the "crazy" way I had opined yesterday: Held above last close and closed near HOD (cCurrent AH trades = 7.02 x 7.04).
Nice to see how reliable TA really is, all emotions and biases set aside.
In any case, and against any intuitive expectation (expecting more "tanking" going on today - no pun), DRYS has more life left in it, as per EOD activities (RSI held > 50-line, and all secondary indicators are perking above signal lines or support levels.)
D.
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