Good morning Sir. WEEEEEEllllllll, I hate coincidences! gggg
When you, MG, TB and I line up.....maybe they should shoot us! gggggg
I just picked the 460-475 area because of the horizontal support it enjoys, but I would point out that if we do go there and IF we stay there for a couple-three weeks, IMHO we will form a huge head and shoulders pattern on the weekly that we can't afford to break! The reason is that computationally the result of such a break is Zero! Nada! nuttin! Soooooo, one can conclude that either we don't go there or we don't break it or if we go there and break it we don't follow the math of a broken pattern. A couple of times before I have said that "it won't happen", or "it probably won't go there because it's too far fetched", well, I will still look at things probabilistically, but I will try to never say never again! gggggg So, 416, possible, likelyhood =?, dunno but I will chew on it certainly.
What I see happening now is the Government is buying a lot of stock. I don't know how, but obviously it's happening. Things might get a little tough if they stop or slack off.
Good luck Gersh and keep up with the silverware! ggg
N'oubliez Jamias 9/11/01
Paul K. |