That happens to be the MID-point between the effective TECHNICAL CAP (53.00-54.00) for NKE, and even the slimy specialist does not want to risk placing the outsize positions of NKE call options purchased by AMATEUR dupes, into the money, via one of his many PHONY ramp jobs this year in the NKE MEGA-bubble.
Looks like this NKE MEGA-bubble has stalled out this AM.....and exactly as I warned many many moons ago, it is now trading at the mid-point of its TECHNICAL CAP for 2013, with a MAXIMUM of approx 50 cents upside potential....juxtaposed against MASSIVE DOWNSIDE RISK!
If I prove to be wrong about this empirical observation, I will leave this message board ASAP and cease posting here.....please note this post for future reference!!!
But the BAD news for NKE BAGHOLDERS is that, in this kind of technical analysis, I am VERY VERY rarely wrong.....after all I made near PERFECT forecasts of the rare earth, gold, and silver COLLAPSE more than a year ago!!!
And just to clarify this previous post: I am stating categorically that the slimy NKE specialist can NOT allow closing prices above 54.00, at the most extreme of the NKE TECHNICAL MARKET CAP. If I were to be proved wrong, well, then I would have to reconsider my analysis of this NKE donkey....but I can NOT conceive of being wrong here.