AIG Move Higher Is Nonsense

May 30, 2008 11:57 PM

AIG gapped a bit higher today at the open. It is an avoid. Any move higher here is nonsense, IMO. It made somewhat of a double bottom. I do not believe in double tops or bouble bottoms, unlike most, as I have I said many times. it is an avoid at best, a short under $42.12 at worst. Avoid the “value” trap, IMO. Run from strength here…