I am also tempted to get some SHLD puts. But not yet. On a daily chart, it hit a LOW on 12/23 which coincided with a low in Hist. Volatility Ratio 6/100 < 0.5. The reversal was confirmed by MACD on 12/31 = BUY!. Now it is in a resistance zone defined by: 1). a projection of a fractal inflection point (white circle, where the curve changed concavity) 2). a recent high.
Intraday (chart 2): a Slim Jim with a slight UP tendency is accompanied by a bubbling of the bands.
All together…not clear where it wants to go. Also… some cute analysts might upgrade it tomorrow.
yeah,if this was a different market,I would buy ~SHLD~...chart looks very bullish to many I suspect{they could be right}Just looks too perfect for me...
(to me it looks like an abc retracement)
...I actually see where they could run it a little past 51-53 from here...yet Im holding my puts with respect to that huge gap & trendlines...if it bust's 55,I'll know its real and my losses in my turn...lets see how bad they want it...
...Sears said it expectes to beat its profit target in 09......so do I...
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