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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Trumptown who wrote (266809)11/11/2003 9:00:08 PM
From: mishedlo  Read Replies (1) of 436258
 
lol, yes...what you said! -g
do you think it's getting ready to roll over, or consolidating?


It's a change.
If it keeps on going it becomes a pattern, but two days does not mean anything yet.

Since there are undoubtedly billions of shares to unload, I expect chop for a while or selloffs and mini-rallies. Look at over 400,000 QQQ 34 puts for DEC. I doubt that breaks. If it does it will get real real nasty.

See my max pain post and comment if you have any thoughts. Very messy stuff and stocks are all over the place.

If I had to make a bet and walk away for a year it sure would not be long after this insane rally.

The other thing worth point out is how some stocks absolutely went nutzoid parabolic just recently. PMCS is one Home builders as a group I think, CFC (look at it last 2 weeks now and I am pissed I did not wack that at 108).

Finally, notice the internet sector shows signs of breaking down badly. AMZN YHOO NTES SINA ASKJ etc etc. That was one of the first to turn way way long ago.

It could be time to lock and load any bounce there.

M
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