IAC....An overly optimistic commitment to the law of gravity? That and this time around the daily volume on 11/30 surged to levels past seen on 11/17/08 & 6/26/09. So, I waited for two days as the 60 Minute CCI, RSI churned lower as well as MACD and Stochastic experienced crossovers. The previous times starting around day 3-6 post volume spike GTE drifted lower by approximately 6.8% to 21%.
With a micro gap below it around 5.75ish (93% of 6.15 puts me at 5.71), seemed like I had the chance to make a few bucks.
You are right though, I need to stay away from the 52 week high club and their penchant to vault into thin air.
All is well otherwise, the holidays were pretty slammed as I was squeezing in a closing in addition to hunting and family stuff. e-Mail the itineraries whenever they come through, I'll call you tomorrow...appointments tonight.
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