marginmike: Amen...one person gets run off because he/she had a little racy alias and Jim Willie puts stuff like the following at the end of his post on a regular basis and no one says anything...
one hedge in the hand is worth two in my bloody stool
/ Jim Willie
Go figure...
Speaking of Jim Willie CB he has really been on target as of late...LOL!
Jim Willie CB: <------------- OK, I can't read anymore of your unwarranted bragging. Let's look at few of your more recent calls the last few days...
Jan 7, 2000 - 9:43am - TA: if there is anything at all to learn about technical analysis, it is the deep truth that TA's value is greatest when the market is rational, calculated, watchful in a calm environment
That is laughable! When QCOM is going up maniacally and you call for QCOM to go up and your "TA" seems to work, TA is good, but when you call for QCOM to go up or for support that does not hold, TA does not work because of panic. In other words it works when your right and not when your wrong...LOL! So when your right let's all praise you and when your wrong, its not your fault...ROTFLMAO!
Jan 7, 2000 - 2:03pm - if we get a symmetric reversal, with techs rebounded much like what the Dusty Dows did this week, we could see 170 or 180 very very quickly
Whoops...
Jan 7, 2000 - 3:59pm TA conclusion: TECH SELLOFF DONE"
Whoops...
Jan 10, 2000 - 10:23am TA: look for a quick return to 170's in next few days
this stock's price path is the most symmetric I have seen in years
Whoops...
157-160 should offer some token resistance
it offered solid support until emotions stampeded it last week
unfortunately, some buyers at 160 on the way down will "walk away even" at this chance
old support is new resistance, but not for long .
THE BIGGER PICTURE:
the move from 175 to 140 is now in reverse
Whoops...
Jan 11, 2000 - 11:54am we are now in the retraced path portion where 150 is tested and retested, until the bigplayers finally give up on lower prices...
Whoops...
Jan 11, 2000 - 12:51am they tried to soak up demand over lunch, still trying
got it to 150 flat, but now working its way upward
Whoops...
Jan 11, 2000 - 2:35pm downside down and gone
say goodbye to 140's
Whoops...
Jan 11, 2000 - 11:36pm - I expected about a 10% selloff and quick recovery last week
this is a warning to be heeded
I expect each selloff following runups and stalls to be just as severe (at least)
last week we saw 180 to 140, which is about 23% in decline
QCOM topped at 200 and bottomed (so far) at about 133 that is a 33.5% decline.
sorry Molloy, you are right -- my TA is pure bullshit
That is the first correct thing you have said in weeks.
Jim Willie CB <-------------- Never has had a clue! Eventually you folks on this thread will realize it.
QCOM has been down as much as 67 points from the top at 200 post split. That is the equivalent to 268 pre split points, a 33.5 percent drop. Surely that is enough drop to have been worthy of a warning before the fact, by the thread TA guru.
Now I read Voltaire spewing about a coming 40% drop after the next run up. He seems to be glazing over the fact that he and his angels failed to pre warn for this drop which has been (so far) almost as severe as his "coming" drop...
The fact is QCOM was going up with or without the self proclaimed guru cheerleaders on this thread. When QCOM pulls back or enters a prolonged decline, it will do it no matter how much the self proclaimed gurus cheerlead...think about it!
Often, folks that sell to late, end up in the same boat as those that sold to soon...
Regards,
LG |
