Ray, thanks for the kind words ..... I think. <g>
Earlier in the week I posted this chart and mentioned we'd see the NASDAQ meet resistance at the gap.
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Well, it did! Just like clockwork.
I also mentioned the 10 dma would provide resistance. Well, it did too!
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And CNBC pays all of these pundits big money to try and come up with a spin that the public will buy.
Technicals rule! At least for now. Problem is the public doesn't wish to buy the technical spiel. Americans love a good story so the story tellers create one.
The market dropped on the CSCO downgrade. HAR, HAR, HAR! Ok, if that's what people wish to hear, that's fine with me.
Technicals told me yesterday, prior to CSCO's downgrade, that the RLX looked weak. It dropped today.
Technicals told me yesterday, prior to the CSCO downgrade, that the energy sector looked weak. The leaders gave up ground today.
Buy RAD on any weakness. The fundamentals suck but the chart says RAD is actually showing strength, technically.
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dabum |
