I'm tired of listening to the moss backed cynics here. It's your youthful unbridled enthusiasm I'm looking for. That, and some beginner's luck - c'mon, make yer call. <vbg>
Okay, I had to think about it for a while, but here goes. But, for those who may be lurking out there, let me reiterate that I don't know Shi'ite from Shinola, so if you trade on this opinion, you will most likely wind up destitute. But maybe not. I can't say.
I think we close above 1375 today, and I think we rally, (for how long, or to what level, I have no idea).
Why?
I'm very much "into" Japanese Candlestick Charting, in which discipline the number "three" is quite important. Today I am seeing a metaphysical candlestick formation based on three -- sort of like the Bullish 3 White Soldiers, or even the Bullish Tri-Star.
Candle One: Zeev took off his bear suit.
Candle Two: The Turnips predicted today as the final day of the "window" for Nassacre Phase III, with a nominal low of 1326.
Candle Three: The Q, collectively, have come within the buy ranges which Zeev and the Turnips predicted way back in April for the end of the Nassacre. It's true that the fit is not perfect, i.e., BRCD stopped at $14.40, rather than $14.00 even, ELX only hit $19.10, rather than $19.00 even. And yes, QLGC would seem to be a big wifferoo, with a low so far today of $33.17.
BUT, keep in mind that Turnips are crafty little tubers. The three stocks that missed high have an aggregate overage of $5.67. GNSS, on the other hand, had a target low of $10 - $13. Its actual low today was $7.34. Add the overage to GNSS, and you get $13.01.
Thus, in aggregate, the stocks which missed Zeev/the Turnips' predicted lows did so by a PENNY!
A confluence such as this is just too farking much to be ignored, IMHO. Thus, my conclusion that today is the last day of the Nassacre, we close above 1375, and we rally from here. |
