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Why is the stock halted this morning...? Anyone? Bueller? Bueller? Bueller?
@AlanC, I am aware that all gaps do not fill. I may have even read that exact post before...hence, I was careful in my wording. I definitely backed off stating absolutes. I simply stated that if all the gaps fill, I consider this correction to be HEALTHY. I would feel MUCH better about buying in seeing gaps FILLED versus buying above them...
Here's a question for all the Longs/$700 price target folks -- how do you not see the daily gaps in the charts and not expect them to be filled? I know it is not a technical analysis certainty, but the likelihood is substantial. I definitely expect to see more downside, with just below $385 needing to be filled to cover the gaps...IF the gaps all fill, I see a full HEALTHY correction having occurred, and then I would be a buyer... just my $.02
@TONYEIGHT
Is it possible that those beautiful daily/weekly charts could be made larger...even if it requires stacking them one on top of the other versus side by side. I'd love to be able to not strain to look at them...thx, in advance...
This is absurd...FreeStockCharts.com is showing today July 3, 2012, that the short interest ratio has reached 16.50%, and this stock has begun climbing out of its hole. so, if that percentage is even remotely close to accurate, and we just get a real covering of shorts, this stock should take off. Never seen so much short interest in one stock (albeit I'm no long time veteran in this).
Cooked books (according to Einhorn) = Charcoaled stock price...
Latest short interest has now reached 11.50%...(this is what i saw today, after being away for a week).
I'm liking the 80,000 share purchase that happened in the last 10 minute period...maybe the beginning of some short covering, or maybe, even better, someone buying this stock...
I don't know about a 'squeeze', so much as an exiting of short positions. It looks like an initial exit of the shorts would get us to the 50 day MA around 5.35-5.40. REE looking good technically, IMO.
Loving all the shorts piled in on REE. 6.6% of float while GMCR is sitting at 6.9% and their books are cooked.
@ Syndicate Two -- I use Elliott Wave as well...but if you're going to call for the end of a corrective phase, don't you think you should also give your larger count for a frame of reference. Say little 4 of iii of 3 of III...? Cause if it is what I just used as an example, we can expect some serious swings, until it finally finishes 3 and then III. Happy trading!
Google 'gaps technical analysis'
And yes, there are some big gaps on the way down that should be filled as GMCR heads back up. I was originally referring to gaps that needed to be filled on GMCR's rise (normal TA clarification).
@ Forward, nice to see someone looking at the daily gaps that need to be filled (typically within 100 days). looking forward to your TA...
if you don't believe in daily gaps filling...just go look at GMCR. everyone was saying it was going higher, higher, higher. DOWN it went...i'd have to double check, but i believe ALL gaps filled.
APPL has gaps all the way down to the 385 range. buyers beware.
I liked your analysis on your chart. I think you may find you are FAR more correct than the cheerleaders for AAPL...
I'll give my two cents worth...when FROI finally reports it financials like it should and we have transparency (good or bad numbers), we will see REAL price movement.
LAFC= Los Angeles Football Club?
Zzzzzzzzzzzzzzzzzzzz