GREY:SLKEF - Post by User
Post by
millrighton Jan 31, 2008 1:11am
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Post# 14294469
TA Update [unbiased]
TA Update [unbiased]Have had a record number of requests for another unbiased technical comment from my source - many noted their concern with the price action of the last few days.
My source pointed out that his last update did not foresee the short term problems of the last few days - he had suggested short term outlook was positive. He felt there were some peculiar other forces that must have affected the price action negatively. I told him not to be so hard on himself - it was his first wrong call, wailer has been doing his so-called TA for a year on this company and hasn't got one right yet, even by accident.
Anyway my source sees the ISM technical outlook as negative short term, intermediate term and long term. Sorry folks, that's what he said. But you can take my view that TA doesn't really apply to a stock like ISM.