Friday, November 13, 2015

[FB] update

I called another top on FB in the backlink and on Friday it broke support with enough gusto that I think it was real.  Now next week perhaps we get that sweet kiss of the top rail from below before the sellers begin to get out of this useless stock.  If ever there were a company whose CEO I distrust, it is FarceBook's Zuckerberg.  I'll bet that kid has some junk in the economic trunk hidden away on FarceBook's books. 



But the bear has not been confirmed yet for these shares.  For the sake of longs, FB better stop falling right here so longs can call it a gap fill formed by 5-3-5.  But if it moves to a lower low next week then trader sentiment is likley going to flip negative here.  That gap fill must hold or these shares are toast.



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