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Message Boards Settings Avis Budget Group, Inc. - Quote Info
Re: Positive technicals      4-Nov-09 12:13 am    
ah, hi....listen, there are a lot of people here who i know you can fool with this technicals are positive nonsense. but they aren't. go look at the 1 year chart. what this stock is building now is a classic right shoulder of a head and shoulders formation. it, with any luck, might make it to 11 tomorrow.....which, for smart longs, will give them a great exit. after that, well....any downswing could take it all the way to five, when the neckline breaks.

come on, things aren't bad enough for the average investor that we have to start screwing each other over? please.....bad enough that Citigroup is trying to offload their position here with the buy reco's....

did any of you look at the tape today? did you see who was selling into the strength?

instead of trying to hustle each other, which I understand is a fine tradition on the Yahoo boards, we should break with that and try to really, seriously start helping each other....

so here's my start....watch the EUR/JPY trade (get a trial currency account at forex.com, its free) this usually leads the market in that if the euro rises, the market rises.....the Euro itself tracks closely, the Euro:JPY shows the action faster and sooner. tomorrow we should have the usual post FED rally. When this starts to fizzle out, probably thursday morning (employment numbers are friday and no institution wants to be holding major risk going into this, except GS which probably gets tipped late thursday afternoon...unfortunately, we peasants can't see what they do in the last ten minutes before the close).....

anyway, take the moment ... watch the H&S on the daily chart, when that right shoulder rolls over, you want to be long gone.
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mpaxton77

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Re: Positive technicals
mpaxton77 Not rated 4-Nov-09 12:13 am  
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Avis Budget Group, Inc. (CAR)

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On Dec 16: 12.54 Up 0.54 (4.50%)
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