The Big Boys, page-455

Hi Grumpy,

I see nothing bullish on SHV's chart. In-fact the opposite. Bearish divergence occurred on the s-stochastic during early January, like a lot of stocks, and the MACD dc'ed at that time deep in the oversold - usually when combined a very bearish signal - breaking below support at $7.77. Trading below both the 200d and 50d sma's. Momentum here is very strong to the downside.

The opportunity to short is probably gone for now as it finds support at about the 61.8Fib retracement, however is very likely to go lower likely engaging the 76.4Fib retracement at $4.00 before February end.

Ag stocks will have their day again, but their day is not today as global commodities get smashed with few exceptions. Dont get conned by buying into these relief rallys as they will just take out the weak hands before resuming their descent.