my neck is broken from the headfakes we've had...the trendline suggests the short term downtrend has been broken on the compx...again...about 3197 area...3535 is the area talke about to confirm the reversal by cnbc asnd i've got a big circle around that number from days ago...so...a quick glance at compx will convinciingly show the 3500 area as a pivotal point.
we've printed what appears to be a lower high, although I would rather see the time frames a little broader.
now, we'll see waht happens tomorrow, and the next few days again...just look at how choppy the trading has been over the last couple weeks as the compx struggles for idnetity...
I am very aware that the time frame I'm viewing, we are BEARING it...the bigger picture,,,goodness, what a BULL!
if I could learn how to post my thoughts graphically, this would give a clearer picture...
and we'll see how the total volume factors in this...
I would rather have capitulation...
now, with csco on deck, the ceo has sure sounded very convincing, much in the same way JDSU did prior to the earninggs report, it is full steam ahead. if that's the case, could be fuel to the fire...if not,,,we might be FUBAR'ed...
let's not dismiss the fact that we saw a bunch of rate cuts staring to show itself, the perception of corporate earnings to slow, oil is a political ploy gone bad...Doc, give me aspirin cuz i'm getting a headache, are wages on the rise, what about the gdp, another aspirin please,,,but the world was gonna collapse after the Asian crisis, right???
let's stick with seasonality, use the force and become the Jedi knights that we are intended to be. |
