In any case, I'd lean toward a bad reaction, but this is not the normal slam dunk earnings chart I have featured before, the leading divergence would be the slam dunk.
Thursday, November 11, 2010
DIS Reporting AH
Here's the 3C chart...
As you can see, the trend had good confirmation from September to early november and has since put in negative divergences-2 to be exact. This could be signaling there is some insider or inside information trading going on, however, I would feel much better about making a call saying there will be a bad reaction if the divergence was a leading negative divergence, meaning if 3C was in the current position of the yellow arrow.
In any case, I'd lean toward a bad reaction, but this is not the normal slam dunk earnings chart I have featured before, the leading divergence would be the slam dunk.
In any case, I'd lean toward a bad reaction, but this is not the normal slam dunk earnings chart I have featured before, the leading divergence would be the slam dunk.
4 comments:
The smell of desperation:
"Bank of America urges judge to dismiss robo-signing lawsuit, Reuters reports
Bank of America (BAC) is pushing a federal judge to dismiss a lawsuit over its use of "robo-signing" in foreclosures, reports Reuters. The bank says the plaintiffs failed to show they were harmed by the praice and would probably have lost their home anyway."
They're basically asking the judge not to apply the law for good old Bank of America. To big to be prosecuted.
I don't know which state it is, but Florida is ground zero with all of the condos and judges seem to be activist, they either want to clear the foreclosure plate or they want to apply the law. Too bad all don't keep to their oath and apply the law.
Indiana:
http://www.reuters.com/article/idUSTRE6AA4N020101111?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28News+%2F+US+%2F+Business+News%29
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