You been laying low licking your wounds? You may be OK this time for a while, but methinks you're gonna be in traction again (whiplash, remember). You shorted it WHEN ? THURSDAY (??!!) -- us real pros shorted it Wednesday and closed out yesterday for a nice bit of pre-Christmas cheer.
Watch out for the next bottom inside the band, too many indicators in the buy range could turn on a dime (given that the market expects year-end rally, and the wish is father to the act), and the MSFT GIMBLE, HOLLIS and KURLANSKY indicators (only 3 out of 5, but we're in the red zone here) say bounce-back and bite IB in the ass again? Can it be? Say it aint so. Or else it'll be: IB +1 for MRK (now that may be poised for a quick in-and-out short or at least some Jan. 100 puts), -6498 (for 2 times NASDAQ). P.S. I thought you didn't believe in fundamentals?