At the backlink I sold DRYS early and banked a nice profit. There were several reasons for being so skittish but perhaps the primary reason for me was the high odds of getting a deep vee second wave. Back then I looked like a wimp. Now I look like a genius. So goes stock chart analysis...
I think it is notable that while oil has hit a lower low that DRYS has not. I mean come on, DRYS is run by con man George Economou. One would think that it would begrudgingly lag oil's performance. While this is expected to go a little bit lower before bottoming, note that the left side was a round bottom and so if my model is correct the right hand side should be a vee.
Here is my micro count model for blue C:
Tuesday, January 12, 2016
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