well im trying not to forget that the nasdaq broke above trend
its ok w/ me if we dont have a santa clause rally as long as
we stay above the upward trend line.
my interpertation, instutional manipulators / hedgies etc
are scared to do the traditional shorting, short covering,
shorting pump,
for example in NFI instutional owners lend shares then call
them in forcing a squeeze, sell at the top then precipitate
a good drop to short, but IF they think that the stock may not
plummet enough they may not be able to get their shares back
for cheaper so the whole thing is blown
more elusive short cover position on the down trip, w/ more
eleusive re-entery, w/ the fed showing down the squeeze could
be sustained and they wont be able to get back in for their
tasty div's
i know the logic here is kind of shaky but if they can cover
in december then short again everybody is happy, uncle sam
gets taxes shorts get profits, longs that lend stock for
shorts also dont have the clock reset for tax purposes but
only in december ("shorting against the box")
if we dont see a santa clause rally / short against the box
covering, rally then I think its just going to mean that the
market has finaly broken out and we will finaly be on a multi
year upward trend
the bears have some fooling left to do but imho its just about
over for them, the economy is too strong and innovative, there
is just too much money out there, (our broker uses the
arguement that bernakie will pause after greenspan leaves
because if he tightened the money supply as a first move and
the economy went even into the slightest recession everyone
would forget about greenspan and blame it all on bernakie)
clyw is imho the most innovative company that ive ever heard
of hands down, there is no grander vision anywhere in tech,
unless its generalized from the basic kernal of leon's ASNAP
patent
lets just hope im right about the market in general, then clyw
can take it from there
p2k
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