AS, We must be reading different threads.
Don Don's calls were decidedly not bullish last week! In fact, I thought the thread was overly bearish and became a don convert.
Beware of the nutz distractions. AOL could indeed go to 75: in fact, I show the weekly MA at $76 and it hits this level on an occasional basis. Frankly, that broken pennant points a lot further down than $75. It is bloody in nutz land.
However, while all are focusing on the nutz, I'm getting weekly sell signals on EMC, GE, HD, MSFT, MWD, PG and WMT. Now, it's early in the week and I only play those brightly colored blue chips; but, some of the most blue of the blue are looking very blue.
I already have anticipated that the CPI numbers will be neutral, but I'm concerned that, the bears being in control, the neutral report is already being discounted by focusing on the the strong home sales. Excuse me, the powers scare the doo-doo out of folks about rising interest rates and then we are supposed to be surprised that the common folks rush out to buy their dream house.
Oh well, forget EBAY and watch GE and MSFT.
Berney |
