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Tuesday, June 24, 2008


I may take this to my financial grave but i still say we are building a top and setting up to complete an island reversal. Just not necessarily today.We need a gap down open underneath that channel followed by followthrough selling. No sign of this yet.

2 comments:

Anonymous said...

MLP's just never seem to gain any traction. We need to see some follow through rather than these one day wonder rallies. The entire market just feels like it wants to drift lower.

Anonymous said...

QELP news:

Quest Resource Corporation (NASDAQ: QRCP) ("Quest") announced today that
it has commenced, subject to market conditions, an underwritten public
offering of approximately 8.4 million shares of its common stock, par
value $0.001 per share. Quest also intends to grant the underwriters a
30 -day option to purchase up to approximately 1.26 million additional
shares to satisfy any over-allotments.