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NVIDIA Corporation Message Board

  • kvimax1 kvimax1 Feb 14, 2013 3:19 PM Flag

    "Key Reversal" AND "Outside Day"

    Well, now....this IS getting interesting! Given that today's low was FAR below yesterday's low, and now the high is ABOVE yesterday's high, and given the HUGE volume we will have, this is setting up to be a CLASSIC "Key Reversal" and an "Outside Day", one of the MOST powerful "technical" occurrences possible!

    We are now only 7 cents from the 200DMA and this could get VERY exciting and, as I said, we are witnessing THE END of the 2 year Bear Market in NVDA.

    As always, we'll know in the fullness of time.
    Max

    Sentiment: Strong Buy

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    • I don't think the 2-year bear market in NVDA is over, kvimax1, do you?

      • 1 Reply to mslans
      • Mslans- I've been away for the last 4 days caring for my ailing 86 year old mother, and just got back to VT a few minutes ago. So, I missed today's "action", which from what I can see was INaction, but, yes, I DO think the long Bear Market in NVDA is ending, but whether it takes another day, a week, or longer, I certainly can't say. The volume has completely vanished, again, and for the life of me I can't figure out why.

        The stock certainly has become the plaything of HF Traders, and other than that, it still could be that the company is buying back stock and using a major firm to do that for them, and those folks could be holding the stock DOWN in order to get the company as much stock as possible at the lowest price possible. This, of course, would be VERY GOOD for the company, and by extension, its shareholders, in the long run. The GTC SHOULD be a catalyst for more volume, I would think, and higher prices.

        As always, we'll know in the fullness of time.
        Best,
        Max

        Sentiment: Strong Buy

    • I'm not feeling a breakout, kvimax1... The long frustration continues...

      • 1 Reply to mslans
      • As I've said, I understand and share your frustration. We need MORE volume to break through 13, and as the chart to the right shows, from the last 2 days attempts, there just wasn't enough to do so. Again, I'm VERY surprised at the lack of volume, and can't quite figure out why none of the BIG shareholders hasn't simply done it by themselves, but it appears to still be a game of "chicken" and no one wants to go first.

        However, given that the Open Interest in the March 13 calls has GROWN this week, and is now 48k (representing almost 5mm shares), I still think that next week will see something that gets us through that level, and if there IS some decent volume, then the battle at 13-13 1/8 will be fierce and getting above that level will give a straight shot to 14 and then 15, IMHO.

        Given what was said at yesterday's presentation about everyone "mark your calendars for March 19th when we will have further announcements", I suspect that by expiration, people will be buying in anticipation of that date, which is the following Monday.

        Most of the semis are down, today....INTC down 1.2%, TXN and BRCM down .8% and NVDA is up a penny or two. The day is young.

        As always, we'll know in the fullness of time.
        Best,
        Max

        Sentiment: Strong Buy

    • The market soars, and NVDA maintains its ultra-laggard status... What a nightmare...

      • 1 Reply to mslans
      • I understand your frustration...truly I do. But, as Ibexx so aptly said, yesterday, it will take MORE volume to get us to break out. I'm quite surprised, though, that the volume has really dried up, here, and don't quite understand why at least ONE of the big shareholders (Fidelity, Paul Tudor Jones, et al) hasn't been willing to be the one to FORCE the breakout above the 200DMA. It's to THEIR benefit, and I can't figure out if it's just a game of "chicken" and that no one wants to be the first to make that push.

        All of that said, it will probably happen when we least expect it, and all of a sudden their will be a major surge in both volume AND price and that will set off alarm bells for a lot of technicians.

        As always, we'll know in the fullness of time.
        Best,
        Max

        Sentiment: Strong Buy

    • What do you think of this PPS action, kvimax1? Looks like the stock is struggling to break the 200DMA, but maybe this is the pause that refreshes?

      Is the long bear market in NVDA really over?!

      • 2 Replies to mslans
      • Yes, this stock really tests one's patience...

      • As I believe I said, the long Bear Market in NVDA is coming to an end. Yes, I do believe so. Today's volume is anemic compared to Thursday and Friday, and even though we're at the lows of the day, they're still higher than Friday's lows, AND, the Positive Money Flow is increasing as we drop.

        In fact, as of a few minutes ago, it is a positive 5.66mm dollars, meaning almost 1/2mm shares have been bought "net" on upticks, so far today. Given how small the volume is, that's a pretty large number.

        I won't be surprised if we see another reversal, late today, but even if it doesn't happen, I think we'll continue to fight to regain the 200DMA, which usually takes several attempts. Once we get through there, it will be confirmed if we get several days of closes above it.

        Patience is the operative word, here. NVDA will head MUCH higher in the not so distant future.

        As always, we'll know in the fullness of time.
        Best,
        Max

        Sentiment: Strong Buy

    • Great call, kvimax1. Let's hope you're right about the long bear market in NVDA being over. The stock is so very, very cheap at these levels...

    • When 50 SMA crosses over 200 SMA = watch out

 
NVDA
20.14+0.80(+4.11%)Dec 17 4:00 PMEST

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