Michael, you are correct about there being support of LRCX at the 25.00 level....However, if you look at the firepower of volume today, and the stock closing at its low, this tells me the big boys are dumping...They are trying to get out with their shirts on...I view a 52 week low as I do a 52 week high...If a stock breaks a 52 week high it is telling you new money is coming in, and O'neil would be shouting, "BUY, BUY!!!" If a stock breaks a 52 week low, it is telling me, people are starting to panic, SELL, SELL!!! I would not be surprised if I might have a gapper here, a gapper to the downside....
We have a 21 day expansion pivot breakdown here.....WHERE ARE THE TURTLES!!!!! May the stock run like a rabbit, down into the hole....
Mark |
