Market Talk

[John M]

LG yes, I am betting it fails. The reason I'm doing so is because I'm defering to the overriding bearish formation...the SYM TRiangle, rather than the bullish falling wedge.

I think the strength and duration of the downtrend in the COMPX dictates that bearish formations take presidence over bullish ones.

Until there is a massive bullish breakout stick above major overhead resistance, I will contine to give bearish formations more favor than bullish ones.

Best Regards, and thanks for your thoughts,

John M