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Early Warning sent by Bobobobo,
bobobobo said...
warning
check goog, gs, rimm, aapl, intc dell, vlo, nyx, etc pre market trade.
I will close all of my position except for nmx once market open.
May 24, 2007 5:46 AM
bobobobo said...
ok, just check with the economy news, check with the pre market trade at 8:01/8:02, mm knows news ahead of us.
hold cash or short
May 24, 2007 5:49 AM
bobobobo said...
yesterday's dow k chart was tipical 3 只乌鸦站枝头. don't lost your underware in this correction.
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Wei said...
Naz is at a critical point. Several resistance upside and a lot of support downside. The market has been acting like this with huge fluctuation for a while. It may very like to keep doing this for a while. I dont expect to see any huge pullback at this level. 200 point might be the most and not likely. Huge pullback will come only after it breaks 2700 at least I think. So my suggestion is hold tight. Dont trade too much recently.
May 24, 2007 7:34 AM
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Wei said...
The market has been bull for a while. most index climb up a lot. under this circumstance, when the pullback comes, the market will send out very strong signal. 90% stocks drop huge in one day along with good news, huge volumn. By now, if the drops is triggered by bad news, dont panic. It is not there yet.
May 24, 2007 7:40 AM
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bobobobo said...
Wei said...
Naz is at a critical point.
-----------------------------agree
Several resistance upside and a lot of support downside. The market has been acting like this with huge fluctuation for a while. It may very like to keep doing this for a while. I dont expect to see any huge pullback at this level. 200 point might be the most and not likely. Huge pullback will come only after it breaks 2700 at least I think.
-------------------------I doubt it. what was driving the market in past few months? rate cut, good earning, buyout. what can continuously support the market? housing is bad, feb is more concern about inflation then recession, earning season is ended, we already have many buyout cases. the most important part, where is the money to continue support the uptrend?
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As we discuss before ( the market condition), Both indexes have gone up about 10% since their last bottom. It is another time for a little pull back. The second pull back, if correct, normally will be in 3~5%. And the pull back basically will trigger another higher high of the market later on. Remember, we have about one month before next FOMC meeting. And any surprise will be positive surprise. The bull trend is there. Any pullback will be a chance.
13 comments:
不好意思, 又是我第一个留言. :) Glad to see this.
hehe, you are cool. I should wake up earlier to give out warning. Fortunately Bobobobo gave out some warning earlier than I do.
to bobobobo brother,
actually yesterday when I looked at NMX's chart, it didn't look quite so good to me in short term. When it went up yesterday, the volume fade, so did the range of its trading. Therefore I would think today's pullback is a natural pullback due to both of its needs and the market. But its chart is pointing to above $130 in two weeks:)
you lazy bone! even more lazy than me.
no no no, I studied late, and recently don't have time to do much trading because of my test.
TCM will reach target $12. hehe
you know I haven't look at any 1/5 min chart for a long time. I play base on my model.
please tell me what you saw, and tell me why the volume was fade?
I don't worry about nmx at all. only 20% in, holding 80% cash now.
do you know how embarrassing I was when I warn ppl market will dip but it went up almost 100 points for dow?
again, man you are really lazy or has a pretty gf. :))
by the way, PACT is also a typical earning breakout pattern. But because of its misleading management infrastructure, I won't touch it no matter how high it can jump.
have you paid attention to that PACT pattern , bobobobo brother? it is the same as NVEC.
hehe, I only check daily chart because I don't do too much dt which requires lots of fund and time which apparently I don't have in US market.
about NMX,
yesterday's close was just slightly above its previous day's close and the trading range shrink. Volume compared can't match the day's volume it went up two days ago, signing a weakness. I would say, a smaller coming back will be the right way. However, its turning trend is intact in my opinion.:)
But even PACT shares the similar pattern as NVEC, the fundamental is totally different, and I won't rec buy even it seems like turning. Trading on Fundamental sounding company will provide high possibility to success.
En. Bobobobo对大盘的判断真的很好。
So as psp...
Thanks all.
useless, should obey my plan to short ice.
又是出差一天，股市大跌:(
QQ你的HSC stop out了？
hi Carol,
yes, but I get in again. I would still hold through this guy for its fa and ta reasons. Today's pullback is due to the big market. Don't worry.
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