So SONS earnings launched the storage guys (BRCD, QLGC, EMLX) in AH. Yahoo helped the nets. But why in the world are Intel and AMAT up almost 1 1/2? Or CSCO nearly a buck??? Still, the NQs are up 52, implying that there is either some news I've missed so far, or there's just pent up demand.
So, Shack, if this was an impulsive up move, you see it then followed by impulsive down?? I've lost track of your count, sorry to say. At this point, I would also plan on reshorting any nice sized bounce. . . but I'm not sure how high "nice-sized" will go. Maybe THIS TIME there really will be a summer rally.
EDIT: Message 16061500 post quoting DJN as MSFT putting Q4 earnings above expectations. Hmmm. . . now how does THAT affect things wave wise? We'll know in the fullness of time, but barring a GE disaster tomorrow, I think the Naz gets 2000 and maybe even 2020 pretty easy. A long way to go up, though. . .
the freep |
