Friday we probably clise where we started the week around $181 again with fed meeting being the final pivot to either serious downside or upside. I would err on the side of christmas rally upside however.
Remember months ago I said COD Ghosts would do Gtav type sales numbers and i was laughed at on these boards. Turns out it did.
Barring any huge surprises. The amazing thing is that its only being released on Pc/X1. The vgchartz presales for that game are huge especially when you consider much of its sales numbers will be from digital download being an online game only. I think TF could do 17M first year. I am a memeber of Steam and it seems like everyone on Steam is foaming at the mouth for it. I have never seen this mich buzz for a game on Steam boards et al. Not even a gtav pc version.
The selloff today was a cool breather and put the overbought techs back to neutral-oversold. Got a nice little vix spike above 15 so thats no longer a concern either on the tech front. RUT looks like it broke some tech support but thats usually what they do to try and lure shorts, that is, a false breakdown mich like the false breakouts we have seen in gold.
I see a red open early followed by a move up toward $179.50 late. Friday we should get follow through to $181-$182.
Selling was taper based again. That type of selling is weak, reactionary and does not last long at all. Either way i expect a green week again but a reversal to green is quite possible.
No volume spike. There has been no volume spike in gold or the miners. Until a major down leg happens on heavy volume this will continue lower. I estimate that point to be a round psychological number like $1000.
Ya but they didnt hold. The only other time futes were this high in ah was after the first debt impasse. Where will we get scammed to tomorrow $184? Why not make it $185 by Friday? This is complete BS. Now we get a "taper" rally. Im done going short. Maybe ill buy thise stupid bitcoins after all.
Minus a Sandy Im now projecting ttwo to move above $24 in 2014. In fact, after next months earnings report I think we will head above $20 finaly. We will get a bunch of holiday numbers coupled with the earnings of GTA Online, along with IP reveal(s) all behind the fact that the share count has been reduced considerably. Should be a blowout Q again.
Agree 2k14 is selling like mad and we are set to nearly double the amount of next gen consoles sold by January after the post holiday gift card blitz.
Methinks not. In fact i would say we could reach 2000 as early as Febuary as i project we will close the year above $185.
The harder they bash and the more the media screams "crash" the higher she goes. Way too strong now with too much daily recognotion.
Budget deal along with market hovering at intermediate pivot coupled with demand for a holiday rally. I would not be surprised to see spy @ $164 by Friday.
Thats all we read about all week long was da big crash. That lasted all of 3 days. Next stop $2000 by Christmas.