Don; RE:" TECHNICAL DELAYED DIP "
...you mean a Bull Trap, Don? {grin}
We busted INDU's UpTrend and plunged real good - got oversold, and now we're pulling back to that original UpTrend. Yeah, I'm playing the bounce, too. But do you think there's any there, there, as Gertie Stein would say ?
Judy says, "...no sustained rally in the works" (Tech Stocks, that is). Ain't no base, basis {grin} to paraphrase Ms. Toklas' paramour yet again. I mean, a bounce does not a new UpTrend make.
Anyhoo, INTC held its neckline; it and TXN acted identically today - would have been Hammers, too - save for selloff towards close. Mr. DOW wants to rally so bad; got a pocket full of 6% change - but his NAZty grrrl-friend just keeps draggin' him downtown to eat Kimchee (^_^)
Note the toppy-looking near-Doji on DAL today, mon ami.
-Steve |
