Oh my God! Cardinal, how are ya? Your profile has last been updated on 06/23/1999! It really is you!!!!!
I didn't know if any of my other friends had survived the bubble. I am just a voyeur on this board now. I do not post but read the board for a good laugh. Have been (mostly) in cash for years. Waiting for confirmation signals that the bear has gone back to hibernation. ZZZZZZZZZZZZ����.
It's been a long wait, but I'm sitting on a massive cash hoard from the bubble days. Still have a small long position in EBAY (based on technicals). Funny.
How about you?
I will keep watching your posts they are so informative. ;-)
Speaking of informative, HP calls it again. Even in his sleep he knows where the market is headed. I saw it in a dream. (See post 155290 on Aug 22.)
ho-hum. yawwwwwwwnnnn. zzzzzzzzzzz.
I told you guys back in April (post #134827) that the chart was looking "more bullish than bearish". Turns out that, after consolidating for a bit, we had a 40% pop from those levels back in April. I hope all the traders here made some good ca$h.
Well, even today we are still UP 20% from April 20 while the NASDAQ is DOWN 10%.
So, what's next? I ain't talking. ;-)
the Internet. Hence, the EBAY business model was born. What would Al suggest that you do with your EBAY stock now?
Ans. See next post.
Ho hum, I'm on the borderline again. That's the life of a long. I've been holding this time around since 9/9/99. (see my position in message # 69862). Remember, that's 800 shrs since we had one of those god danged 2-fer-one splits.
As I said so long ago, I'm holding this one for the long haul. No TA for trading. Will use TA for an exit point when I decide to dump it many years from now.
Time to sit back and see where we are in another year or so or two or three or four or.......
Back to sleep. z z z z z z........
FYI: A double top formation would take on the appearance of the letter "M" on the chart with the more reliable formations evolving over the period of several months. I don't see one on the EBAY chart.
I do see a double bottom ("W" formation) with the lows of December 2000 and lows of March-April 2001.
I wonder what that could mean.
z z z z z z
FWIW, my guess is that we may consolidate a bit somewhere near present levels. We are currently trading at a key historical resistance point that also has added significance, as it is the 61.8% retracement level from the peak. Look at how this pork chop traded around this level going back to ancient times to the present (Dec98-Mar99),(Jun00-Aug00),(Oct00-Nov00).
52 is also the top of our current double bottom pattern (Nov00-present). A move above 52 would be quite bullish.
Watch out if we consolidate and bring that 50-day moving average above the 200-day. I would not want to go short if that happened.
All in all, things are looking more bullish than bearish with this pork chop at the moment.
Time will reveal all. Either way, I will remain long for a few more years just for the fun of it.
EBAY! - The other white meat.
You asked me yesterday about Fibonacci. Well, there you have it. DOW 10100.
If the DOW closes higher on Wednesday - BULLS would score a near term victory. Today's action means very little without good follow through.
Likewise, NAS broke to the upside of its short-term downtrend from the reaction high at the end of January. Again, follow through is important since we are also sitting near a resistance point here as well.
(yawn) Back to sleep.
z z z z z z z z z