SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : CFZ E-Wiggle Workspace

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Robohogs who wrote (24565)7/8/2016 9:20:17 AM
From: robert b furman  Read Replies (2) of 41490
 
Tom Drakes 2cs has declined for 6 days straight - from a high of 118.96 to todays 75.

A peak in an impulsive up wave would typically top out at the 45 - 50 range - today's calculation was 12.2 .

Suggestive of the put to call ratio will go further below yesterday's .85 and the VIX should go even lower also.

This mornings premarket futures looks like we get our blast today up over that formidable resistance at 2100.

The friday before earnings get reported in quantity.

Looks to me like there are people out there witha pretty good idea that earnings will be good.

Pep beat last week. Danone paid a big premium for whitewave , money is still cheap, and earnings are good and getting better.

I say we get us a break out to new ATH's .

Chief's clx is quietly in the positive zone trending up for both the 10 and 30 day average,and the downtrend into WWW has yielded plenty of cheap stock in the hands of the MM - they'll now very willingly ramp up stock prices and sell to the now and new very bullish buyers.

Time to be long if this is the beginning of a new impulsive wave up - I'm thinking we'll know very soon/today.

Bob
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext