Sunday, November 6, 2011

Mewah - Short Term Weakness


The BBs' activity in Mewah is clearly apparent. What they are trying to achieve is promulgated to the sharp eyed trader/speculator. They are importuning for an answer to the downside. In the short term, opportunity presents itself on the short side where the upside could be capped temporarily. Should it advances on Tues, watch for the turn and give it a short, at least that's what I think.

UPDATE: 9th Nov 2011, 8:41am
No more shorting of Mewah. I made a wrong call!

Ronald K - Market Psychologist - The Big Speculator