Ram: I agree with your expert about the "slow penetration". I raised my antenna and scanned the horizons, no NMPS advertisement was in sight. Then, I rushed to the local drug store and checked out its display case, no NMPS condoms were found and I hated the Trojan stuff.
I guess we have to wait, wait and wait for Chubb to do what he is paid to do.
NMPS is building a base. Despite its lackluster chart pattern, I believe the specialist has been accumulating for a near-term rally. How far up? Nobody knows. Well, I'll let the chart tell me.
Ram, in technical analysis, the word "overvalued" is meaningless. What we learn is buy high and sell higher. That's momentum or Newton's law of inertia. A fundamental player will often get scared because of the high PE which implies "overvalued", and instead he would rather choose to buy low and sell high. And this strategy is FATAL. Why? "Buy low" implies what you buy is in a DOWN trend, with the all important momentum going against you. Hence disaster will strike. When you buy high and sell higher, this implies what you buy in in an UP trend, with the all inmportant momentum ON YOUR SIDE! Hence you'll become a winner. As a monk, I understand the importance of harmony. To become harmonious with the on-going trend is TAO.
The Y-2000 stuff will break out left and right. DDIM jumped 5 points yesterday. That's relative strength. That's momentum. Wait until FEAR finally sets in and push these stuff way out of the realm of fundamentals. This wait won't be long because in many instances fear is already surfacing. I saw the writings on my tea leaves.
Best wish to you. |
