Of course, Qglc doesn't determine long-term, intermediate-term fate of COMP, but it can help fuel a 1 or 2% short-term move....and since we all try to get better possible short entry..
Nope, what I'm saying is that we are reading tea leaves here, and if one if looking for a turn in "psychology" to cooincide the turn in technicals, IMO, Qlgc has the potential to give enough hope to bulls to keep this going, whereas I think the odds favor Msft/Ibm giving less fuel to the fire..I should have also added that Qglc, being a smaller company, can more likely swim against stream (revenue % uptick in down revenue market)...which can be misinterpreted as an overall tick up demand in their segment..they are less a proxy (overall tech segment) than the other 3 players, and thus subject to misinterpretation
IMO, any uptick in orders in Q4 was strictly a seasonal thing (aberration), and can not be extrapolated going forward as reflective of a change in business fundamentals.
Also, time-wise, the further bears get from last Friday the better, IMO,for the "buy" on the unemployment report, to me at least, showed there is a decent resevoir of bull strength that needs to get extinguished with some bulls silliness (sentiment, spike in prices?)....could also work with flat/choppy, but declining Vix, etc....hence my support of a retreat in prices later in the week vs. earlier |
