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Still looking for 43 area by tomorrow
Nothing like a 100+ day on the DOW and 40+ day on the Nasdaq today and a up (slight green) market tomorrow to give that "rosy feeling" to the voters :)
Looking good here
50 SMA is at 0.10 now and price has stayed above that the past few weeks. 11/16 is Annual shareholder meeting and 50 SMA should pull up to 0.11 - 0.12 by then. Ideal situation for some good news to get this puppy rolling. Fingers crossed and hoping for a "Thanksgiving Santa Rally" :)
Unloaded partial QID position
for profit now and will look to re-enter if/when Q's get to the 43 area!!
Well said/put Capt <eom>
Celebration already PS :)
And the first day of the month is not even over ... I still think they will take this UP to the 43 area by mon/tue next week. Time will tell.
One thing that bothers me is that everyone thinks this is TOP i.e. high is around the high 42 - 43 area. No one thinks this could go to 45-47 during the strong Nov period.
Could be because this is the Bear's Den ... but then most of us were wrong in October!!
Nov Golden Guru Award entry
QQQQ
high 43.17
low 41.34
close 41.35
PS think we will test the recent highs and maybe even 43.31 by Nov 7th before any meaningful decline.
This thing looks very well orchestrated as Capt and 2x have pointed to let go at this stage. They will get their sub 60 oil and the "perfect" market as planned.
Not much time left for bears
Unless we start a reversal very soon (this week) ... it is very unlikely that a downtrend initiates in Nov/Dec. Da Boyz have surely played this very well here.
GOOG bid up to 453 AH +27
Final hour sell off in anticipation of GOOG slaughter and more down tomorrow.
41 will be possible then :)
Good analysis farooq and ST
If we do gap up or go up tomorrow, today's high of 42.31 is key - that should ideally provide rez. Agree that if we break that, we continue on higher until elections then!!
Need a breather here
0.11 should act as support ... need to wait for the 50 dma (shy below 0.9) to catch up to 0.11 in couple of weeks.
Bulls on the sidelines will be salivating
when the Dow comes down 200 points - those who have missed the boat will be eager to jump back in for the ride to 13K.
The question is - will they get the ride up or be tricked/sucked in and get the "Halloween scare" of their lifetime and bail out at the bottom?
Great find Profitscout
As ANDR picks up some steam, it will get noticed like this and once the MO MO Traders jump on it, this puppy has the legs to TAKE OFF :)
Totall agree mvp and gloe
Though I'm a ST bear, I'm a LT Bull and do lurk here. Lots of good traders/ideas here and we would all benefit if the focus was investing and trading methods.
Good for you be ... still expect 41 to be hit by this friday
Apple earnings tonite and then big G (ooogle) tomorrow.
Now that the hoopla of touching 12K is done, they can take this down and call it 'profit taking'!!
be - staying short
I think this is going down till OE (friday)
.13 - quiet accumulation going on!!
Thanks Gleno for the detailed '97 Oct chart
That month is etched in my memory - I had just started my investing experience that summer (july) and thought that nothing could go wrong being a bull ... making money was SO easy :)
Too many bulls expecting a shallow pullback
Just like there were too many bears a few weeks ago, now too many bulls are expecting just a shallow pullback and then to newer highs and October is not even over yet.
Look at 1997 october to see how a single event can wreak havoc in just 2 weeks. Given that the pig has been well fed for the last 4-8 weeks, let's see how the next 2 weeks unfolds!!
Is it safe to come out?
Can the bears make merry now or the Bulls looking to buy this dip?
Capt ... sure, looks like they want to take this between 40 - 41.50 by this friday.
ProfitScout, yup buying on excellent volume
Fundamentally, it is indeed a turnaround story - technical picture also looks good with the price above both the 50 and 200 dma's and the 50 moving up (it is at 0.085 approx today).
Once it catches up to the current price of .10 - .12 in a couple of weeks, hope to see further gains. That should line well with the mid Nov earnings news release.
Glad to find this board
Old time ANDR investor and used to follow closely on the YAHOO board until it got delisted and moved to OTCBB. Very innovative products but management screwed up. Things looking to turn in it's favor again.
This puppy can move very quickly - recall the 'ga ga' days back in '98-'02 when it was trading in the teens to 20 something.
Good luck all!!
2X or Capt - Reverse scenario
How does this play out in an extended "down market" e.g 00-02?
Does the FED not loan out money then or they do and the Boyz use it to "short" more and force the longs to sell?
thanks in advance!!
Another permabear perspective
I am not a 'permabear', just intermediate term but this article calls out for PS' view .... hope it doesn't play out this way.
http://www.zealllc.com/2006/dowhighs.htm
EOD Buying Frenzy
Miss the boat to DOW 13K?
Good call salty!!
Q's not moving much
Though all the indices (DOW, S&P, Nasdaq) have inched up since the open, NDX 100 (Q's) stuck at 41.83/41.84 .... for some reason, it does not want to take out it's HOD @ 41.88
Strange!!
Gleno - guru update?
We should be half way through the 4-10 period before the selloff. Any more news?
Been there done that rcp
and don't need to prove it to you :)
Never pre-judge anyone and don't think everyone who doesn't agree with your views is out to make fun or to get you.
Peace!!
rcptrader ... not making fun
I did quote your post only to show reference to the "Bull feeling" .... I believe we all can learn from each other. That's why I hang out in both the bull and bear den but only post there since I am a short term bear and yes have made money both on the way up and hope to make some more riding this down.
I lean on your and CJ's long term view of the market. If we can leave all this "jarring" aside, we all can make money.
Good trades to you!!
Thanks ST ... sweet words to the weary but patient bear
Different Market perspectives
Folks in the Bull camp can sense a "Short covering squeeze" (http://www.investorshub.com/boards/read_msg.asp?message_id=13938430 ).... folks here almost smell the Top and a fall is imminent!!
This is what makes the market - love it!!
Which way will it play out? Should know in the next few days!!
Let's see how the test for 41.90
holds out first today
Loren - check out www.proshares.com
for 2x leveraged funds - both long and short side!!
Tested yesterday's high @ 41.75
and backed off .... Will we get a red close today to make the bears happy?
Dip buying back
and may carry this to 41.9 - 42 before a meaningful sell off!!
Flat to slight -ve day for the Q's is still feasible
and that would put the bears in a very good position for the rest of the week.
Good entry be .... it's about time to deflate
some air from the Q's :)
Pig will turn down soon
and agree that the fall will be swift and furious.