This'll be my only comment on the fuddle thing (I hope). I also hope he keeps posting and trading well.
I think the problem was that while Fuddle actually did have many posts with very well thought out takes (such as his recent exchange with AJTJ regarding shorting the dow here and then covering if it went over the all time downtrend line), there were far too many of the "EBay is done, it won't hit a new high" type posts. Then when EBay did hit a new high, rather than saying "well, I got the read wrong and here's my new one" it would simply be "this high is like C, not very strong" or whatever. That helps no one. (And in this case, EBay has continued up about 10% since his post.)
I don't think you're the only bear here, though, clappy. Tom Swift posted bearish takes. I also have this mild unsettled feeling here and mentioned a few bearish possibilities in my post yesterday. That said, I must also say that I have ridden this move up okay because, despite my worries, my stops were smarter than I was -- something I've learned from AA and Shack and all of the fine folks here. It is, as Fuddle said, possible we start a 3 down here. It's a valid count, though other than it's validity I don't yet see a lot to support it. That can change... and maybe it will on Monday. In the meantime, what do you see that makes you bearish ST?
the freep |
