As much as I like the potential of AWE, it has often been...

As much as I like the potential of AWE, it has often been arrested by the strength of the TA.

I remember this was called many times by an extremely unpopular poster here ages ago all the way down to 90c.

But he did get it right.


A ten year chart shows it has once again reached another peak and with the SP having doubled in just over 6 months, I have now taken a short position on the expectation of a pullback.

Add to that more grumblings in Europe, a slowing China and not such audible chest beating in the U.S of Ego.

This post is not intended to flame, downramp or anything else by the way, although I'm sure the LT faithful will not greet it with open arms.

Just wondering if anyone else sees it as I do?


Disclosure: Short position.
Sentiment: ST Sell but LT Buy (and I mean long...10yrs+).