The La-Z-Boy Indicator

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One of the more dramatic drops in small cap stocks has been La-Z-Boy (LZB), having lost about 60% of its value in just a couple of months.

Today alone, LZB climbed over 10%, and it could have another 20-25% to go. But once this stock, and others like it, reach major resistance (tinted here in green), I think the market as a whole is going to resume its drop, except that it's going to be much more dramatic than before.

0707-lzb 

I have a very important personal celebration tonight, so this might be my last post today. I'll see you here in the morning!

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