FuelCell Energy Inc (FCEL)

[jbsliverer]

Traders are most of the volume, at times traders are all of it. Exception to that is the exuberance at the time of earnings, but even then large portion was just traders.

For long term, if one doesn't want to look at the fundamentals (not good) or listen to any professional outlooks (again not good), that's fine and accept that it is just speculative. But the only thing that's left is the technical charting and FCELs chart is about as easy as it gets. The trend is your friend is just not a saying, it's reality.

Why my shorting has been 2-3 times more than going long in the past yr. I'm just a pimple on a flea with the amount of money I do compared to all the major money betting on this going down. I'm just following the money and trend. What I do or say isn't going to effect that fact.

Major resistance was at 7 and when it overshot that, it was because of the irrational exuberance at the time and obviously was topping out and going to correct. Big time shorting at that time. When the story is pumped as the shorts are going to have change their pants, that's when we do, only to get a bigger pair to stuff some more IOU's in them. LOL Today a very good day for us. It's pretty much lost last week of gains.

You only have to look at the very basic of charting to see this thing. FCEL been making lower highs and lower lows for quite some time long term and that has not abated and made considerably lower high this last time.

Just the RSI here says a lot. Look at how much below 50 it has done vs how much above and what is it saying now that it has the greatest probability of doing in the future. I can't call the bottom, but it's indicating a greater possibility being a lower low than the last one.