where are those bull flags that "everyone" has been seeing on "everything". :-)
How about these bull flags (or cup with a handle chart patterns)...
LEH, MERQ, QGENF, BRCD, NDN, HOTT, ORBK, SIVB, ABGX, AWRE...
These stocks are from the list I posted this weekend on SI and other places. There seem to be good breakouts every day.
It had good trades today in QGENF, SIVB & MERQ. Its like shooting fish in a barrel! <gg> (See note below)
Seriously, Robert, I guess this is a stock pickers market. However, I think we still have some upside.
On my 60-minute charts, I see the OEX going to at least 817 and the SPX hitting at least 1504. These up side targets are based on the inverse head and shoulders patterns that I pointed out last week. Perhaps, they'll hit their targets latter this week or early next week.
I don't know where the NASDAQ is going, but I've got a bullish stance on it at this time. My daily chart show serious gap resistance at 4094 to 4188. This is at a gap between the close on 4/10 and the open on 4/11.
The DOW is looking good,too (but Haim says it don't count! <GG>)
Also, Robert, I appreciate your daily commentary on the SPOO. I find it very instructive; especially the way you watch the SPOO in several time periods.
[NOTE: OK, now that I've run off at the mouth, I'm sure the market will tank and I will be humiliated and forever banished from SI <gg>] |
