claydoctor

DRYS breaks out after consolidation, after ECB announcement

NASDAQ:DRYS   DRYSHIPS INC
55 0 0
This break out was significant on good (but not extreme) volume . If you build it you want to ship it. Usually if DRYS breaks out, it is a tell on a bullish market and/or economic effect, because manufacturer's place future reservations, to ensure they can ship the products later, once built. So looking ahead 6 months on this play... but after an initial pop, now it is consolidating once more and range bound. makes me go mmmmmmmm, and maybe not trust this as I did in the Ole days. Gonna watch for confirmation higher.
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