Thursday, December 13, 2007


There may be something to say for Cpsl after all, going into stock expiration has got many investors bearish, not much room for a gap up during a china rut, I've been at the short since the peak on the 7th, maybe.  The early november gap down trend leads me to believe a short rally may take place rather quickly and strongly as it has happened before.  The bull in me wants to think any trader knows there's not enough fill for a pressure play at this volume however, a little upside on slightly higher close leads the shorts in for the squeeze. Plus the RSI is passing the 50 on a 14day average.

No comments: