STX Charts, page-671

Current STX short/hedge position. 2.8% is hardly worth worrying about IMO.



Just a follow up from last weeks opportunity which didn't eventuate, the other reason for doing those exercises is to get another indication of trend. As the SP momentum didn't have the strength to get to .44 (current resistance level) then it printed a lower high. Combine that with Friday's candle and your seeing lower highs and lower lows. Certainly not just wanting to post negativity but just posting what's happening.



Now all that being said, the SP is now down to a level of high churn (similar to the zone Cabbie was mentioning) therefore you'd like to think that this zone would act as support therefore I can't see it falling much further. However, like always, we need to wait for confirmation. Green candles away from this zone fixes it obviously. Durrrrr Slick!



For the long long holders, the weekly chart is a little troubling with a solid close below bollie bands unfortunately. It's got a bit of work to do guys to get back into a bullish theme.



Cheers