To everyone,
I will try to put together something this weekend, but what I have seen forming this week has the makings of an incredible move. A nice positive day tomorrow will represent a milestone for tech. Like I said, I will post some pretty pictures, but short of a selloff tomorrow, this thing looks like it is starting the next upleg, the brother to the April upleg.
It appears we are going to gap-up tomorrow, and what the SOX will gap-up over its Rubicon, technically. Many of you will recall what I am referring to because I have posted the SOX chart so often, but I'll post an updated pretty picture this weekend.
My apologies for the lack of posting this week, but frankly, keeping up with what I saw going on after Tuesday (and the cognitive dissonance of being faked-out), as well as a few other responsibilities away from trading this week and, well, I just did not have as much time.
As I said earlier, with all my might I wanted to go clown long today, but I just couldn't. At this point, they really appear as if they are going to reinflate non-tech to new highs and tech to much higher levels than where we are now -- remember our/my old target of 2430 -- well, that's where we're probably headed. Add another regret to the pile. -g With the complacency we are seeing, this move, if it gets legs tomorrow, should be a choppy ride and will really test the "buy and holders".
Cheers |
