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More like another fox watching the henhouse.
I think its a response to Snow replacing O'Neil.
Zeev.. <toxic bovine excretement>
Nice terminology and great respond to bighead unsolicited attack. Must be Mark Johnson in disguise again.
Plexxus.. <vix>
You call vix @31 fear? What do you call vix at 50 in Oct? or vix above 100 in 1987?
I see two problems to that H&S.
1. Every technician sees it.
2. Volume doesn't fit. Altho this pt is less valid since increased daytrading activities boosted the daily volume significantly.
can someone let me know when they think it will be at
40 or so.
Tomorrow.. in some LTBH's dreams. <G>
Sly... When the real REALITY shows up, panic will set. Meanwhile, this rally will continue. The mo-mo is too strong.
Schaffers, Bernstein, Russell have all donned their horns, and many diehard bears have taken their bears suit off and capitulated. One thing to note though, when the bears turn bullish, the top is near.
BTW, Jake Bernstein thinks this bull run could last 2yrs. If thats true, Smokie the Bear will surely be smoked. <ng>
They're printing money like there's no tomorrow. Greespan must be scared out of his wits.
BRCD is broke/n
COO is steppng down.
Sylvester, may I call you Sly? <G>
Here's what I see with QLGC weekly chart. Posted on Nov.8
http://www.ttrader.com/mycharts/display.php?p=6781&u=heehee1&a=heehee1&id=268
However, if the COMP continues to fly the moon, all bets are off.
I don't see why it should go down in sympathy. QLGC is special. Don't you know it won't be effected by any economic slowdown? Besides, it has never warned <G>
Wait... I don't understand. I thought storage is a diehard sector. NO? LOL
Did BRCD warn?
edit: YUP... 120mil-125mil for next Q. Concensus is for 157..
OOPS!!! Storage sector should be in the reds tomorrow.
Did they include Rhapsody earnings and expense in this Q?
If your business is flat, why are you laying off?
Almost everyone is expecting 1515/1525 to be the TOP top. Which leads me to think contrary. We either blast thru there for a blow out TOP or never reach that level at all. The next two weeks will be crucial IMO.
hk2... Ah.. Very small overlap but yes you are right. My original call was an evening star, but I edited it to abandoned baby. thinking the gap qualified it so. Actually it is an Evening doji star. Still very bearish nonetheless. The doji on the second day is a gravestone doji, and todays ugly stick confirms the reversal.
http://www.litwick.com/indicators/1211.html.
Thanks for pointing it out.
Nice abandoned baby on QLGC if it closes anywhere near the 40 or below level...
http://stockcharts.com/def/servlet/SC.web?c=QLGC,uu[h,a]daclyyay[db][pb50!b200!f][vc60][iut!Ul14!La1...
http://www.litwick.com/indicators/1201.html
A bullish/bearish engulfing does not need to take out the high or low. It requires current day body to cover (engulf) the previous day's body, not the shadows. However, the weekly bullish engulfing I saw is not a reliable one. According to Steve Nison, engulfings are reversal patterns hence must appear at a top (bearish) or bottom (bullish) to follow thru. So we may do some retractment next week after all.
Don't know if anyone noticed the bullish engulfing close on the COMP weekly stick. Portends more up, so maybe 1600 is not so out of the question.
<FISHY>
Exactement!!! Attempts at removing the excretements before the stink is announced publically is MNSHO.
Augie.. We spiked to hit 1066.5 AH, met triangle target and PUKED......
They were expected to beat by a penny. They came in line with estimate.
They were expected to beat by a penny.
Just like bubble days. You miss the whisper number, you tank.
No.. But NDX is close enough to NQ. But as you know, stockchart is not realtime.
Perhaps this is what's in play? Target is back to the high of 11/11 or close to it. Double top or more steam ahead?
http://www.ttrader.com/mycharts/display.php?p=6937&u=heehee1&a=heehee1&id=268
Pink line is target of the ascending triangle.
Excuse the poor chart. Can't post chart via stockchart for some reasons.
Augie... Youre correct in getting higher high today..
Augie..
Not sure we will see higher high tomorrow. Nothing in the chart book that says we must touch the top line 3X before violating the bottom TL of a bear flag. In addition, based on Ewave, we may be in a process of an C wave down, then basically the move from the bottom on the 11th is a corrective wave 2 of C. Aren't there normally just 3 waves in corrective move? If so, we've already accomplished that.
One caveat to the above analysis though, I'm still trying to have a feel for Ewave, so I may not know WTH I'm talking about. Anyone Ewave gurus out there, feel free to correct me if I'm wrong
The market looks 6 months ahead. 20% drop is just for the next 3 months. ROFOLOL!!!
Good timing.. AMAT now dipping.
You mean gap at 40.60
I guess we go downtown tomorrow.
THought AMAT but it's tomorrow along with DELL.
FWIW, Nordstrom missed and warned for next Q. Could be indicator for WMT tomorrow
NTAP selling off now. Not sure what they said about future earnings
NTAP met, slightly beat revenues.
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Zeev... Are your 3 legs based on Ewave?
Possible H&S building on the comp hourly. building the RS now, NL at 1320ish, target... Well what do you know, Zeev's 1220.. :)
Same formation with the NDX.
http://www.ttrader.com/mycharts/display.php?p=6875&u=heehee1&a=heehee1&id=268
If consumers are not buying the discounters, it indicates they've ran out of buying power.. So WMT will be important IMO.
35 tomorrow.. I concur.
If the COMP closes anywhere at this level, 3 black crows says more carnage to come. The question is will it stop at 1300 which is approx 950/960 on the NDX, and QQQ @ 24? Max pain is 24 for the QQQ.