ATYT...it didn't fill the gap (yet? does it have to? NVDA didn't -at least not yet ;-) and continues to climb with strong volume. Where do you see it going in the short term?
As usual, thanks!
>I think that the bulls are on their final leg here really. I mean, I've been
>bullish for a while and I'm still long, but this leg is wave 5 or double top.
It has been wild bull party market lately. That's fine with me I guess, most of holdings are longs. But I have to say that I'm still very suspect of this 'recovery in the second half' business. Haven't we heard that for some three years now? Perhaps "this time we really mean it!" ;-)
I think this story bodes well for future generations of gamers:
ATYT. Don't know. retrace from the 15.65 high brings it to 11.09, which it passed. So looking at the 22.31 high, you get 13.02, then 15.21 The shape of the curve is parabolic, so I'd guess when it falls, it's going to be real fast.
"but there's also money on the sidelines that's waiting & praying for a big pullback in order to buy in low (or for the shorts to cover at the lows.) So, then I don't think this drop will be as big as people are hoping for."
Party like it's 1999!
Gawd, that's a mouthful. Uhm . . .
Brilliant call. I called for a rocket on Monday. Cool, Dracky wins, not even worth bragging about. Fuck everything else, the call was pullback Friday rocket monday. Nailed it, babe.
Pullback will go to SPX 950, possibly 900, from as high as SPX 1050. That's it for predictions.
Humpty talking - SPX to 1050, then 900, then 1200 . . . it's a disease. He's got what, 10 years on me? I'll catch up.
Sorry, missed the post, I'll check the chart
". . . considering the brilliant call I made on Friday."
Brilliant call? I thought it was my subliminal message that I made to you since April or May that the train is finally upright. Remember those discussions about pent-up customer demand from the corporate side and orders delayed by the Iraq war? They are true and are indeed happening in the second half, my friend.
"I think that the bulls are on their final leg here really."
I may be inclined to agree with you, judging from the rapid rise of the indices since last Oct or last April, but there's also money on the sidelines that's waiting & praying for a big pullback in order to buy in low (or for the shorts to cover at the lows.) So, then I don't think this drop will be as big as people are hoping for.
" I still see a potential super wow blow out top, but that's it. Then scary pullback before new highs."
Ya mean like Dow going to 10000 then pull back to 7000 then back up to 9000, down to 5000. . . It must be the booze or Humpty talking.
Did you see a post from Slowereastside about AYTI?
Well, the chart on RBAK looked great until this morning. Thank god for stops. Still managed to lose money but crikey, it could have been worse. Still, the whole thing just mucked up my day considering the brilliant call I made on Friday. As for the people whining, you may have noticed I don't whine. I use stops and alcohol instead.
I think that the bulls are on their final leg here really. I mean, I've been bullish for a while and I'm still long, but this leg is wave 5 or double top. It's over soon. Not yet. I still see a potential super wow blow out top, but that's it. Then scary pullback before new highs.
I think I looked at a chart. What did I miss?
Hmmm, ya know, my guts feeling is telling me that there may be more than one personality whom I'm talking to right now. Let's do a test, shall we?
Wally, hold something in your left hand and put it behind your back!
OK Drac, what is Wally holding in his left hand! Hmmm. . .