Friday, December 16, 2011

RIMM Update

I meant to get this out earlier, but the day flies by sometimes. I decided to hold RIMM as something just doesn't add up here. I checked two versions of 3C a fast and slow and both did not confirm the downside move and both actually built stronger positives today. The selling last night and premarket is retail, institutional traders aren't moving positions in the low liquidity of extended market trading and they didn't push RIMM down today at all, other then that, the market has left very few gaps unfilled recently.

I have to run out t an appointment I'm late for, but the timeframes are in the upper left hand corner and the divergences should be self explanatory.








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