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itlogic

11/04/08 4:59 PM

#12680 RE: ashy2classy #12676

I hope you weren't in too deep.

I'm no guru of the flip or momentum play, but I have noticed one pretty consistent thing. When the herd leaders show up, take a reasonable position because the rest of the herd is soon to follow.

Once the rest of the herd get there and the boards are pumping with activity, especially after a board of long silence, start selling. When the chatter stops, it's last one turn out the lights.

Notice, last week there was a buzz of posters here. Yesterday and today was nothing but a couple of posters. That usually means something is up and Elvis has left the building. So after 2 days of sudden silence from sudden jubilation, we get a R/S PR. Go figure!