Here's a chart:
Click to make largerThis apex is my favorite thing to watch....the stock is fixin' to get ready to move. The news tomorrow will determine which way! Do note the volume patterns in this stock.
I'll pull a chart for you later in the week....to see how it pans (!!) out.
Position: Long GBG.
5 comments:
Good morning, Leisa! I enjoyed your story about transporting the defecating, humping dogs. Do you help out with a shelter?
GBG is looking good today in percentage terms; up 3.9% at last glance.
Thanks Biff...
The shelter is in Kinston, NC....so the van makes the 182 mile drive up to RIC (used to stop in Emporia, but it's been hard to get volunteers).
I support the shelter with donations. I also make high quality leads...I'm handy with a sewing machine too.
I buy the webbing and hardware in bulk. So for about $3 I can make a $15 lead. It takes 3 minutes to sew.
Everything being bought across the board like we're in a perfect place (equities and treasury bonds going up?)! Is this a result of the US$ "carry trade"? Has the US$ been leading or reacting to the equity markets? I've seen it explained both ways recently. Just the main thoughts going though my mind today.
Glenn, I'm willing to bet that we are seeing a short squeeze. Lots of people seeing the market as an easy short, bonds as an easy short and gold as an easy short.
Remember how easy oil was to short at $100, then $110, then $130--it was Albert Einstein brilliant at $140?
Right......
We could see a meltup here. But it is any's guess.
It is extremely interesting for me to read the post. Thanx for it. I like such topics and anything connected to this matter. I definitely want to read more on that blog soon.
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