I don't like the action here but over $14.50 we are OK IMO.
Long term traders, this has nothing to do with you, this is like watching a snow covered boulder crashing off a cliff. Someone with binoculars looking at the boulder would see the snow around the boulder moving up and say the snow is rising. If he pulls back he would see the snow around the boulder is falling. Its an analogy, gees, reverse the image, I'm long in time. As we stay above $14.50 we are neutral right now. Just like if we break $16.50 we can expect more up side. However break $14.50 going down and we can expect more down side.
News trumps charts, and that's what my stock is for, long. My options change, although I've got to admit, all in all, options have not been great for me so far, maybe all in all slightly ahead. :(
No I don't believe myself, but I have fun anyway. Waiting for AAPL, BA, YHOO and Gild to put smiles on my face. Yes BA put a big smile on my face this morning, IMO BA will be $190 within 6 months.