SwingTimer

Why I'm Bullish on Whole Foods

Umm..sounds like a prescription for the "Buy High, then Sell Lower" approach. True, the market is down big time, as is this stock. I suppose one can ignore the fact that, short term, the market is overbought, where, as they say, "a falling tide lowers all boats". And, I suppose, one can also ignore the fact that significant "technical" resistance is waiting in the wings from the August/September $20 area. In addition, there is abosolutely no mention of fundamental developments that might support a "continuation". To the contrary, justification for further advance, it seems, is dependant on the fact that RSI has failed on past occasions. Humm...