All you technical peopleToday the 20 day average is 48.26. The 50 day has just crossed down over the 200 day. 78.15 and 80.88. Cxr should move to 51.25 area fairly fast I suspect. Sector rotation? Maybe not. CVS does not seem to have a problem staying above it's March high so CXR March gap 64.93-75.00 on the Covis buy gap seems like a very likely place to bet on. Sept 28 weekly move 75.34 to 46.85 was a spread that could reverse given the 520 million offering closed and the reason behind our plunge. I mentioned CVS. While CXR have had down weeks, CVR have had up weeks. Yankee funds move in there to hide and now will renter these canadian ones after the bottom dropped out? Hmmmm , could be.
Given what has happened tho CXR, the chances of some fri-Monday move like mar 6-9 is something I am looking at very closely.