Please let me know if you find a chart which has a multiyear cup pattern (there can be two or more cups, of different depths). The only requirement is that the left side of the cup should be preceded by a nice uptrend. Since Bidu has no such uptrend before the cup started, it's not what I had in mind.
There is really no resistance above us on the chart. There is mild cause for sluggishness in the 40-42 area, but besides the peak at 44.93, there is really no ceiling to think about (at least from the chart).
After a strong breakout and 3-week tight, anything can happen. CROX is one example of a climb. There are others.
>>> Come to Papa at 31.12 so I can close
*Close* your mouth while you stare at the fast rising prices from here on out. :)
We got my 1470 SPX target. Faster than I thought. At the most the market may piddle around here a bit while it bottoms, but if you expect a big drop from here ..... heh heh ..... keep expecting.
hey traderman, here is why your an asshole - you say a stock is going to fall while it is doing so, then when it starts to rise you'll tell us after the fact you closed your short. this is what a regular analyst would do, you're a liar and an asshole all rolled into one.
Thanks Z. Yes, I agree that there are some companies that you can feel confident enough to stay long and relax. LOL. I'll keep studying cmed in the meantime. I appreciate you getting back with me. Best wishes.
You will have buying and selling opportunities. Depends on your time/luck. I'm just holding --- less worry about getting in and out and the big headache taxes. I prefer to work with options, when I'm in the mood for trading.