GREY:SLKEF - Post by User
Post by
millrighton Mar 22, 2008 9:27pm
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Post# 14760642
ISM TA
ISM TAwailer has quit giving TA on ISM, he rambles on about a few comments but doesn't give any conclusions - afraid they'll be pinned on him.
Many of you have been inboxing me for another unbiased report from my source. he's back in town, and was reluctant to give an update as he hates to depress people on a holiday weekend. I assured him, all ISMers were already depressed to the max - one more bit of bad news wasn't going to push them over the brink.
So the insight is consistent - all negative ]or bearish as wailer prefers]
New long term negative rating
Continuing intermediate term negative rating [$1.25 target]
Continuing short term negative rating
It ain't pretty - but better to have a realistic view than another one of wailer's continuing series of missed calls. wailer did say that lower highs and lower lows were a bad sign - doesn't take a brain surgeon to come up with that bit of wisdom, but if you want to see what he means that ISM chart I posted is an excellent illustration.