Wednesday, June 4, 2008


Coal has had a heck of a run here and I'm wondering whether its time to think about getting short.

KOL is holding the trend line and the 21 day mov avg well thus far but the higher volume pullback immediately following a new high is bearish.

PCX has been incredible and I'm embarrassed to say I missed the whole move. Looking at this chart I see no reason to go anywhere near a short on the stock.

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