Tuesday, September 7, 2010
EDZ/FAZ
I know I mentioned accumulation in EDZ last week, FAZ should do relatively well too. MSPD is one I've talked about and has swung pretty far north, but there was a flag there that saw a false breakout so it's definitely one to take a look at on the short side.
3 comments:
I added some EDZ to my mix last Thurs. Looking to add an additional 15-20% of my protfolio in FAZ or EDZ should short and long time frames confirm the neg divergence in 3C. Any updates based on action today?
Just posted, everything is inline-they seem to be encouraging the shorts.
Thanks for the update, encouraging the shorts or playing with the longs. It would seem that the longs might hold still the longer this drifts sideways. Probably thinking that this is the worst that it will be and tempt them to add a little more to their positions hoping to catch more upside. If it was me last year that is probably what I would have done, looking at this as a temporary pullback and trying to catch more gain. Just posted a question for you under the ARNA post
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