Volitility We really have not seen too much volatility in CXR within the last few days, but I really expect that to return quite soon. I see someone here are waiting for 36 and below but if you have a close look today, you will see low of yesterday held despite the VRX moving back to below that October 21 dump in the index sector. I think we will find the mm's really do not want to stray much below $40 on CXR but were willing to stray $200 on VRX. The general markets are holding up very well and as long as this happens beaten down for no good reason stocks, Will consolidate and move up very fast when the time is right.
With a higher open and a higher high today, I still expect day number two to be in the green and a possibility of a close above $40. Nevertheless, look at the Lowe's we have had $36.34, $37.34, $37.12,.unless I missed my guess, we have pretty good support here. I am also keeping in mind that our weekly candle could quite possibly we red again but only if we get a close below $40 today. I am really looking forward to next week wear shorts may try to scare a few more out of their shares before starting to move back into the end of the month.
Vrx capitulation today? The US trading volume says quite possible. I am sure the shorts are happy since they hit that $75 US target some had talked about a while ago.
Into the noon hour. Now, let's see, what will they do after breaking the day downtrend at 11 o'clock.