RE:Shame to give this all backJustforFun7 wrote: getting pulled down with the market in general? Weak because of the high debt and uncofirmed net income to pay it down? Downside exaggerated by computer algos who make up most of the market and trade a trend direction until it is way over done becuase they don't know when to stop? Tax loss selling?
Watch for a crazty run back up in the other direction as soon as some new money breaks the direction. Unfortunately if this is being pushed by energy break down / market breakdown (coming off highs in US again, fear of Fed decision effects)), this could go alot lower until the earnings come out.
The energy breakdown was foreseeeable once OPEC decided to keep the spigots open. Reserves have to be written down, some companies have to be crushed so that future oil production does not spring back once oil prices move higher.
JFF7
thats what i think too. the scary thing is there are no clear catalysts in the near term for cxr and a lot of doubt. Add that to negative TA and it doesn't look good. My guess is MT knows what the chart is saying and thats why he is scheduled to be on bnn (which every ceo does when their stock is tanking)