It's worth starting the TA thread no matter what opinions are about Enron or the recent dip for WHC, which I don't see as an anomaly - it's just a fact.
The spike top on the candlestick yesterday shows a lack of conviction on the long side so there's doubt there.
What attracted me to the chart on WHC was the volume on 20/12. Still pondering that. (Just one broker part-covering perhaps)
But take a look at the short accumulated peaks on 27/9 and 14/10 which were the result of the SP rise after that V bottom.
The shorts still seem hopeful for a double bottom I feel. (There's a gap below to $5.75.)
Watching ...
WHC Price at posting:
$6.20 Sentiment: None Disclosure: Not Held
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