Rarebird,
This is no contest although you make it sound like one. I merely gave you a sound technical read on the stock.
Message 12970283
So, today the stock gapped down at the open. And you had this to say:
I mentioned before big money flows are very positive on ADOBE. Go Michael, Go Short ADBE, and while your at it, Go Short PUMA. I dare you.
Had I been trading this afternoon, I'd have taken that dare in a heartbeat. Looks like my unemotional technical read had some merit to it.
I'm sure you didn't expect the stock to close over 8 points down from its high set just yesterday. Honestly, I didn't "expect" it either, I simply stated what criteria my my bag of TA tricks defines as broken top for ADBE. So, as far as I'm concerned, ADBE is now failed.
It may recover, although the odds are > 50% that it won't, but that's no matter, If it recovers, I will detect that too.
Lets just skip the chest beating about the tech market and new era and that rubbish. I have sound reasons and 20 years of experience in IT including the mania technologies most loved by the market. You have your sound reasons for believing the opposite apparently.
Me, I just stick to the charts when it comes to making money. Long or short. Mania or not, I don't care.
And if the COMPX gets below and holds below 4495, I'll then consider it broken too. |
