I have no idea how far and when we reach that high, think that reaching that forecast, while forecasting it at the depth of the despair (when we were at 1400 or so), ain't that bad, sure we may go higher, and get there earlier. As for what happens once that top is formed, I think we reverse the process first than go into a sharp solidifying tail spin, namely, the first 100 points or so from the top (around 1800, and if 1793 is taken out on a closing basis, the 1920/40 area) in a ragged fashion and the next 250/300 points in a very rapid one to two weeks span. I'll have to see how the top is formed first.
Zeev
In any event, we just printed above 1790, and that was enough for me to remove the Q off the table, I even got som very good prices, BRCD at $26.06, (only $.31 on that one). BRCD 38.72 a solid buck pls, QLGC at $42.80 for a buck, EMLX at $26 for $.80, and poor JNPR at $25.85 for just $.70. MERQ also went here at $27.46 for $.70. |
