Replies to post #8320 on FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

***QQQQ (daily): Q's get triggered short upon a break of the open and current intraday low of $37.98, and should this happen and volume escalate to the downside then this would potentially be an "island" top and a further convincing bull-trap. Given my indicators, we've just been given the all systems go here with the gap fill in AAPL... the mania in GOOG and the fact that INTC has gained for the past 11 straight sessions... in terms of technicals, I can't put in words how much high risk I see in buying this market here for any trade longer then a quick daytrading scalp!...

QQQQ 5-day chart:


QQQQ 6-month chart:

[lentinman]

FA: INTC:

Great minds think alike! You may notice that not only is INTC up 11 straight days (with 12 being almost a certainty), but it is up 18 of 19!!!!!!!!! The only down day was fractional.

Talk about a warning sign!!! What else do you need???

The last time I can find INTC close to this mania was up 9 consecutive days in August of 2000. By the end of August, it was $73/share. A mere 6 weeks later it was $35/share (-52%).

Who on earth is buying INTC right now? For that matter, who on earth is buying the broader markets right now?

Len