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What do people think of the reversal in AGU today as a setup for a potential short? The last time it reversed like that it went back to its 20dma - a similar move would be approx 12 pts in the current scenario.
It needs a confirming candle tomorrow similar to what happened previously. No doubt this group is extended but I'd rather wait for confirmation.
careful since Cramer touted AGU among others in tonight's show.
That kind of publicity is like news which trumps technical analysis IMO
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AGU short
Posted by kevmars on 18th of Jun 2008 at 05:24 pm
What do people think of the reversal in AGU today as a setup for a potential short? The last time it reversed like that it went back to its 20dma - a similar move would be approx 12 pts in the current scenario.
AGU Short
Posted by dodgerdog on 18th of Jun 2008 at 07:32 pm
It needs a confirming candle tomorrow similar to what happened previously. No doubt this group is extended but I'd rather wait for confirmation.
AGU
Posted by cdjd on 18th of Jun 2008 at 06:15 pm
careful since Cramer touted AGU among others in tonight's show.
That kind of publicity is like news which trumps technical analysis IMO