Momentum. Were following the NAS as you mentioned. Inc chart. Last four days is the focus point. Monday the gap down. Followed by Tues. leveled Wed. the doji switch. Thurs. the gap up to about where Monday started. Trend line broken. Wouldn't this be positive momentum?
My focus has been the last several weeks not the last 4 days.MY concern is the interemediate trends. These oversold relief rallys are customary in a down turn as you well know....as to rallys with sustainability that's something else.
Expectations have been lowered perhaps but not to the point of keeping this down at 16. FROM YOUR MOUTH TO GODS EARS.
Regarding uncertainty the recent 10k to me was very clear and clean. They have gotten rid of the stuffing they have been using and added some real meat.
Now that the stuffings out .....the pillow has deflated ps. " WHERZ THE BEEF" ..... added some real meat
The jury is out on mid term view of the markets I agree ....... 1.no one is announcing.... keep your eyes open to break recent tops
2.no one is pounding the table to buy small cap stocks
Too soon for me to throw any firm numbers out as I have not studied all I would need too. However, for fun and a guess from the quickest of glances, a move back to the 19 to 21 area and a holding pattern until something moves it out. Or in other words as before. The gap that is just above these numbers is interesting as well, don't you think.
A gentlmens bet.....we will be in the 16's before we are in the 19's and the 15's before we break 20.
We face our next qtrs earnings wth higher expenses and a glitch income incrase from nec. ....thats already priced in.
How much did you buy at 26?
Alley, speaking of gaps, a good example of a quick fill from this morning.
If only this morning were my only focus I might have bought in heavy last night.
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