Is the education of super-hyped investors complete?
Do you think those who bought into educational stocks so far away from long term MAs have learned their lesson? If you are one of those unfortunate souls and you did not read my prior posts on the subject, my sympathies, treat it as a lesson from the market. If you read my previous posts on the subject and you lost money on these afterwards, I only have one question to ask: WHY?
ESI is ominously within a contraction zone. A break below may have dire consequences.
I have showed you the above chart before. It depicts a repetition of a similar price behavior pattern – I found it very neat and easy to predict. But now that I have called it easy, I may have jinxed it into not happening again ;-)
APOL had very rough day today.
DV also stopped wasting our time and broke below the support shelf in dramatic fashion.I first wrote about this trio on February 6. And then did a follow up on February 19, and then on February 22.
While armies of market observers are racking their brains trying to understand how to squeeze one or two points out of hyperactive indexes, there are other opportunities that may offer superior return with much less aggravation. One just needs to spend a little time thinking out of the proverbial box.
Congratulations to all those who shorted these against all the hype.
Now, IMHO, it’s time to start planning for securing part or all of the profits, at least with APOL, and DV. As for ESI, I, personally, like to see how that contraction range plays out before drawing a plan.
They are all in mid-term downtrends. Long-term trends, however, are still up. So this might be just a correction in the grand scheme of things – only time can tell.
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