the charts for Mags and IPIX, both look ready to break out of some rather large symmetrical triangles of the daily charts. See stockcharts.com.COupled with the large short interest ratios of both stocks (above 40%??) and given the current paranoid climate of the US populace, could the impetus for a large drive up be there??
Yes, MAGS trying to break out of rather large symmetrical triangles. Added this morning as you did.