The Kaiser Soze
Activity in the markets is not always pat. One of the greatest benefits of
working for TradingMarkets.com is the access I have to the plethora of great
traders on this website. Working with Jeff Cooper a few months ago on his new
video course, I got a good look at what he calls the Kaiser Soze, after a
character in the movie, The Usual Suspects.
5-31-2001
11:54:50
Galileo International (GLC)
is forming a “Kaiser Soze”, or a reversal of a reversal, named by Jeff
Cooper. GLC is trading up 1.79 at 28.20 and is carrying a 3-month
relative strength rating of 70 with an uptrending ADX of 33 from
TradingMarkets.com.
The Kaiser Soze is a reversal of a reversal which is what the
stock was showing on Thursday, May 31.
GLC has not managed to move higher in the two sessions since the
post, but it is showing resiliency, refusing to go down.
The stock formed a Lizard tail down, now today is trying to make
a Lizard to the upside. Is this second reversal of a reversal telling us
something? While I do not have a crystal ball, the fact that GLC has gained 40%
off the April low is encouraging. Stocks that won’t go down have a good chance
of going up.
Until tomorrow,
Duke
P.S. Marcy, get well soon!