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Salesforce.com, Inc Message Board

  • jkanalysis jkanalysis Feb 22, 2013 11:09 AM Flag

    Can't get above the 50 DAY

    After the first close below it coming yesterday (heading in the downward direction") since Oct 18th of last year. I've gone over the chart topping pattern in other messages; this stock is primed for an epic implosion. SPX currently up 6 at 1509. Expect that rally to fail by the close. Any close below (or gap down open below), 1495 on the Spx, and the entire market should have it's worst day in well over a year on the next trading day ( or that very day if it's a gap down open below 1495). That day could very well come on Monday if the SPX gives up today's gains after the market put in the outside reversal top day on Wednesday. Keep an eye on Amzn - breaking down quickly and back below it's own 50 day avg this morning while the indexes are trying to bounce. The 3 key stocks over the next 3 months ( for puts , of course) are Amzn, Crm, and Lulu. And if you want a 4th - Pcln for an earnings catastrophe next Tuesday night. Best wishes, shorts. Crm was a bubble. It's over.

    Sentiment: Strong Sell

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CRM
58.24+0.58(+1.01%)Sep 19 4:02 PMEDT

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