Mig
Glad you had a great vacation. What "caused" the drop was that $5.24 took us so far outside the bollinger line that it was unsustainable.
As a number of TA guys have pointed out....the self fullfilling chart fibronocci, round number, etc stuff almost preordained a fight around 3 to 3.06.
The media nonsense may have served as the trigger. I would bet that it would have happened. THEY would have found another trigger.
Don't confuse noise with action.
BTW...I want to say too things....Good arguments ARE illuminating and when they are as well written as Blue and Alea, they should be enjoyed....or join up and flip theough them real fast......
The next few days will be scary for all. The sellers must know that a pre CC call pr might wait until Thursday....but could come at any time and the numbers might contain a suprise
The buyers know that the numbers may well be terrible and the only news the IBM software offered on the wave website which without significant marketing is about as useful as the haup TV board in my computer.
On the other hand....the buyers know that IDF is a couple of weeks away. Sooner or later the HP shoe will drop. NEC will make a decision in Europe, SOL will start its revenue flow....and Peter just might pull a rabbit out of Wavexpress.
Awk is on vaction so I'll simply say
TTT and it will move up and things are good!!!
Weby
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