Yawn, another day higher and I think I'll just re-post this view of mine from yesterday, now with the OSX grinding up against 133, it's nice to have been right, at least short term. The FFFA is, by the bye, lessening, but it still looks like we could take out 142 and head higher before the smoke clears on this one. If Chambers/CSCO ditches the tech market, we could see it by the end of this week. So many variables, so much fun.
<<OSX knocking on 130, this is a rally with legs, and for those of you who follow technical analysis (TA), you'll be gratified to know that it was forecast by the most reputable indicator in the sector, the FFFA (Foodfight Forward Analyzer).
This medium sized 5-day catfight which managed only to confuse the entirety of the thread (who was long? who said NG was dead? who said the sky was falling? who called for OSX 96? who was manly (or womanly)? and who wasn't? who called the Naz rally? who said Naz 3400? 1800? who said it first? who said it loudest? who had a bigger account? who was on margin, and who was on max margin?) for for "i cognoscenti" it was a time to go long and strong, since the FFFA was clearly indicating a major, ripping bull rally, especially in the perennial laggards such as MDR and PGO.
Now, if we could get back to fundamentals, will the OSX take out 142 its 52 week high and go higher? FFFA says better than 50% chance it will.
JMVHO,
Kb>> |
