Saturday, November 17, 2007 9:39:24 AM
re:KRI - last comments I had expected more...
however this past monday morning I looked at the longterm charts
and decided that it had all changed. On the chart below notice that the 5 day ma is resting on top of the last candle. At the beginning of the weak the 5may was still heading to the 20ma after having strongly maintained it's cross above the 10 however the rest of the chart was breaking down and so I reversed my sentiment. I had posted this chart on monday at the kri forum at SH but neglected to post it here. Sorry for the delay. I believe that for many stocks sitting at a loss in early Nov. those are the ones that get impacted by further "Tax Loss Selling" and will continue till Nov. 26th but should stabalize and begin to climb slowly after that. Come Dec. 27th you should then see a rally into the new year as the 30 day moratorium for tax loss sellers will have lapsed and they can once again take their positions back in these stocks. Dead
however this past monday morning I looked at the longterm charts
and decided that it had all changed. On the chart below notice that the 5 day ma is resting on top of the last candle. At the beginning of the weak the 5may was still heading to the 20ma after having strongly maintained it's cross above the 10 however the rest of the chart was breaking down and so I reversed my sentiment. I had posted this chart on monday at the kri forum at SH but neglected to post it here. Sorry for the delay. I believe that for many stocks sitting at a loss in early Nov. those are the ones that get impacted by further "Tax Loss Selling" and will continue till Nov. 26th but should stabalize and begin to climb slowly after that. Come Dec. 27th you should then see a rally into the new year as the 30 day moratorium for tax loss sellers will have lapsed and they can once again take their positions back in these stocks. Dead
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