Zeev, did you, uh, happen to notice the triple top on INTC in the 34.50 area? There's a gap around $33 that probably should be bought with both barrels. INTC's got a date with $36.87 in the next month or two, IMO. Several things point to this.
The more I look at the charts tonight, the more I think the move down will be a 3-day affair at most, and the SOX might not even do that much. The Dow may not even go below 10,421 next week.
I have not seen charts this overbought look this bullish since I started doing T/A 2-1/2 years ago. I'm still an amateur, but I tend to learn kind of quickly <G>
Zeev, I am packing extra clothes as I am traveling up to the Northeast in the morning to watch the Tn. Titans play New England tomorrow night . They are saying it will be super cold. Made some good profits on GILD and RMBS this week ,but still hold a position in RMBS .Was holding it a mistake ? Secondly , what do think about RIMM ? You always said to stay away from shorting snorters and this was what I was planning to do before market closed but could not get enough nerve to pull the trigger . Thanks in advance .
I remember coming back with a friend to my dorm room over the Harvard Bridge in Boston about twenty years ago. It was so cold that we both felt if we didn't start running we might not make it back without serious nose frostbite. It was no joke, either.
You've probably heard this story but some here probably haven't: Admiral Byrd, the Antarctic explorer, was asked where the coldest place was he had ever been. He responded, the Harvard Bridge over the Charles river.
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