RE: going higher Thanks, DC: I just found your post. Gosh, I look at the chart and see two double tops, one at 4.37/4.38, another at 4.85/4.95 and I caught the symmetrical triangle this am and just now looked at the chart and the ST has also broken down. While I know for sure LLEN IS going higher, I don't know if I have any room to pick some up at these prices or if there will be more pullback. I am still looking hard and fast at $3.05/$3.07. It may be the macro markets though that pull it.
SVA has gone from a low two days ago of $3.22 to a close of $3.99 and is poised to continue its upward momentum tomorrow...it, too has had a long two year slog in the form of a cup and handle pattern and is now seeing some improvement, especially since earnings came out this a.m. and the loss was -.04 instead of the -.10 that was expected and they have a vaccine just about ready to be rolled out commercially. (Just a heads up: For those of you that don't watch 'infectious diseases it was reported two days ago that the H7N9 avian flu is now believed to be transmissible from human to human.)
I am going to be watching that L&L neckline like a hawk tomorrow.
The high valuation on the S&P has me a bit concerned as the month only has a couple of days left so watching that closely, too, especially since it has already given us a warning shot.
If the stars align I will be back. Thanks for all your help.
Good luck everyone...Sharpei