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  • wbobeli wbobeli Jan 9, 2013 4:03 PM Flag

    Lowest Close Since December 7, 2011

    Today's close was the lowest daily close since 12/7/11 when it closed at $19.20
    But today's action isn't good. Took out yesterday's and Monday's highs, then took out yesterdays and Monday's low and closed down on the day. Historically, this has led to a swift $0.80 to $1.00 decline as the weak longs get flushed out. Not getting bearish but rather suggesting that there is a very good likelyhood of a sharp downside correction from here over the next several days. Hence, don't be suprised. And please, don't shoot the messanger here....just trying to look ahead at what could unfold here. The correction of the 30+% move from last September is underway.


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37.82+1.06(+2.88%)May 27 4:00 PMEDT