Replies to post #267093 on Zeev's Turnips Patch-No Politics (ZEEV)

[LG]

Zeev: I might even veture a little into the mine field of the semis

For your style of day trading maybe, but anything else would be premature...IMO

The weekly chart still reveals the weekly bars are being guided down by the 200-Week SMA. The daily chart shows a triple test of the 200-day SMA for resistance after the price action moved decidedly back below. And, the recent test of the April low has already produced an intraday bounce.

Since my SOX models are mixed, an extension of the bounce is not out of the realm, but the operative word is bounce.

IMO, the overall market decline is not complete. However, with my RUT and COMPX intraday models oversold and my NYA intraday models slightly mixed with a bias to oversold, a bounce to liven up the bulls is close or at least an interesting sideways.

I have a Fib Time Extension inflection point date for the SPX due 7/14 (+/- one trading day), framed by Oct 02 Fib Cycle dates on the 13th and 15th.

Regards,
LG

[jdaasoc]

RE JCOM

Why wouldn't JCOM react like VRTS PSFT SEBL on earnings announcement. Managmenet been stringing together many slight but always increasing bottom and top line numbers for many quarters. Are you in the camp that they can "manage" another quarters increases.

[nancy2]

<<Tomorrow, I might even veture a little into the mine field of the semis now that SSTI is offered at a bucker plus discount to last sale.>>

as long as no overnight hold. one never knows if any of these small players in semi land might warn. look what happened to AMKR, or CNXT !

[Patrick Bateman]

Hey, I hope yer right...just telling ya what another would say