If SYMC stays above 30.74, it'll have a triple bottom. That pair of triple bottoms at the neckline may negate the lo-o-o-ong H&S pattern. One to watch, as it could go to 45 new high in next 6 weeks.
The proof will be in the pudding. If we get our rally to 1500 or better before September, your luck will be back <GGG>. You are not even allowed to be a little out of sorts for the ankle biters to sharpen their teeth. Let's remember where we were on May 15 and the huge Nassacre that we avoided thanks to Zeev. If we are left waiting a little longer than expected for relief. So be it. It just makes it all the more likely that this is an important bottom. The beginning of the end crowd is all in a lather, but I just do not see it....
Zeev, I guess the biggest question is this: what is the likelihood that the low today will hold as the bottom for this cycle? In other words will todays drop probably not be exceeded on our way to your 1500+ target. My life depends on your answer....Thanks!
Zeev, can you state your case for an imminent significant bottom, and not a retest of the lows? Apart from sharply decelerating volume on the selloff, I do not see great positives.
Zeev, what do you think MOSIS will do on Monday after digesting the bad economic data from the last couple of days? Hope you got your computer/broadband issues solved. I also use ATTBI, stable most of the time, have to keep my firmware up to date though on my wireless router or my wireless network starts acting up.
The reason why MSFT long is that software vendors are working in tandem with MSFT decision to drop support for Win NT server software. I just tried to buy software licenses from GFI.com for email addon for Exchange 5.5 and Windows NT. I loaded evaluation version last month and now when I went ot buy licenses today they declared that product for Windows NT is no longer sold.
I will try to check CA, McAfee and Symantec sites this weekend to see if they can scare the living daylights out of Win NT server owners to upgrade ASAP by dropping availability of additional updates and sales of server based antivirus software.